Read the contingent liability note, if there is one, to find examples of liabilities which have not
Question:
Read the ‘contingent liability’ note, if there is one, to find examples of liabilities which have not been recognised but have been disclosed. Why will you not find a ‘contingent asset’
note?
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Related Book For
Financial And Management Accounting An Introduction
ISBN: 9780273718413
5th Edition
Authors: Pauline Weetman
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