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

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

  1. GST outlays
  2. GST collection
  3. Provision for warranty
  4. Unearned revenue
  5. An agreement to act as guarantor for another firm's borrowings.
  6. Dividend payable
  7. Allowance for doubtful debts
  8. Accrued interest

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