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Kapil

· started a discussion

· 1 Months ago

it should be provision instead of reserve

Question:

Present liability of uncertain amount, which can be measured reliably by using a substantial degree of estimation, is termed as ________

Options:
A)

Provision

B)

Liability

C)

Contingent liability

D)

Reserve

Solution:

Ans: (d)

sanjay kumar

· commented

· 1 Months ago

it may be contingent liability

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