<s>[INST] When shall a provision be recognised as per ICDS-X? [/INST] As per ICDS-X, a provision shall be recognised when:

(a) There is a present obligation as a result of the past event to settle the liability;

(b) Outflow of resources embodying economic benefits to settle the liability is reasonably certain; and

(c) The amount of the liability can be reasonably estimated.​ </s>