The accounting treatment for a provision and a contingent liability is the same. Discuss.
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‘The accounting treatment for a provision and a contingent liability is the same.’ Discuss.
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The statement is not true A provision must be recognised as a liability and reported on the balance ...View the full answer
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Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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