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    Business
  3. Study Set
    Australian Financial Accounting
  4. Exam
    Exam 10: An Overview of Accounting for Liabilities
  5. Question
    Provisions Are Established to Allow for Future Sacrifices Such as Repairs
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Provisions Are Established to Allow for Future Sacrifices Such as Repairs

Question 35

Question 35

True/False

Provisions are established to allow for future sacrifices such as repairs and maintenance of machinery and may be recognised as liabilities.

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