Apply the definition and recognition criteria of liabilities, discuss why, or why not, each of the following items is recognised as a liability in the financial statement Fees received in advance Provision for long service leave GST collection GST outlays Allowance for doubtful debts An unresolved legal case Discount received Debentures

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Apply the definition and recognition criteria of liabilities, discuss why, or why not, each of the following items is recognised as a liability in the

Apply the definition and recognition criteria of liabilities, discuss why, or why not, each of the following items is recognised as a liability in the financial statement.

Fees received in advance
Provision for long service leave
GST collection
GST outlays
Allowance for doubtful debts
An unresolved legal case
Discount received
Debentures

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