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a) Explain giving examples the distinguishing features of liabilities, provisions and reserves. (9 marks), (b) State how each of these items in (a) above are

a) Explain giving examples the distinguishing features of liabilities, provisions and reserves.

(9 marks),

(b) State how each of these items in (a) above are to be included and shown in the financial

statements of a company (6 marks)

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