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  3. Study Set
    Accounting for Non Specialists
  4. Exam
    Exam 2: Measuring and Reporting Financial Position
  5. Question
    Which of the Following Is Not Necessarily a Liability
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Which of the Following Is Not Necessarily a Liability

Question 69

Question 69

Multiple Choice

Which of the following is not necessarily a liability?


A) Provision for holiday pay.
B) Bank overdraft.
C) Loan to employee.
D) None of the above, i.e., all are necessarily liabilities.

Correct Answer:

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