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1. Read the statements below and answer the question - The earnings process should be completed entitling the bank to the right to receive -

Read the statements below and answer the question

- The earnings process should be completed entitling the bank to the right to receive

- Obligations arises on the part of the customer to remit fixed or determinable obligations

- Amount received is known and if not collected is collectable with reasonable certainty

What do the above statement reflect?

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