What is defined by the following statement ? a present obligation . . . arising from past

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What is defined by the following statement ? "a present obligation . . . arising from past events, the settlement of which is expected to result in an outflow . . . of resources."
A. An expense
B. A liability
C. Income
D. An asset

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Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

ISBN: 9789352605569

2nd Edition

Authors: M Hanif, A Mukherjee

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Question Posted: Aug 17, 2023 02:52 PM

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What is defined by the following statement ? a present obligation . . . arising from past

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Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

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