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  3. Study Set
    Australian Financial Accounting Study Set 1
  4. Exam
    Exam 12: Set-Off and Extinguishment of Debt
  5. Question
    AASB 132 Only Allows Assets and Liabilities to Be Offset
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AASB 132 Only Allows Assets and Liabilities to Be Offset

Question 9

Question 9

True/False

AASB 132 only allows assets and liabilities to be offset against one another if a legally recognised right to set-off exists for these items:

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