Question: Conceptual Framework - 5 Marks Utilise the revised Conceptual Framework to explain why provisions are recognised in the financial statements whereas contingent liabilities are not.

Conceptual Framework - 5 Marks Utilise the revised Conceptual Framework to

Conceptual Framework - 5 Marks Utilise the revised Conceptual Framework to explain why provisions are recognised in the financial statements whereas contingent liabilities are not. How are contingent liabilities disclosed? 1 A B I 0 jii $$

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