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Question 5 : Differentiate between each of the following types of liabilities: 1 . Deferred Tax and Current tax. 2 . Debentures and Bonds. 3

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5

Differentiate between each of the following types of liabilities:

1 .

Deferred Tax and Current tax.

2 .

Debentures and Bonds.

3 .

Provisions and contingent liabilities.

4 .

Accruals and unearned revenues.

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