What is a contingency in accounting? Under what circumstances should a contingency be accrued in the financial
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What is a contingency in accounting? Under what circumstances should a contingency be accrued in the financial statements? Under what circumstances should a contingency be disclosed in the notes to the financial statements? Under what circumstances should a contingency not be reflected in the financial statements or notes? What do you think is the best way to account for a contingency? Explain.
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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