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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
    The Definition of a Set-Off Is That an Asset Is
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The Definition of a Set-Off Is That an Asset Is

Question 20

Question 20

True/False

The definition of a set-off is that an asset is reduced by the amount of a liability and a net liability remains:

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