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Contingent liabilities should be recorded in the accounts
when
A) It is probable that the future event will occur
B) The amount of the liability can be reasonably estimated
C) Both A&B
D) Either A or B
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Answer / balu
the amount of the liability cane be reasonably estimated
| Is This Answer Correct ? | 11 Yes | 12 No |
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In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
Audit 
