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In accounting, possibility of deviation of actual amount from an expected amount is classified as

A. contribution

B. certainty

C. uncertainty

D. margin

Answer: Option C

Solution(By Examveda Team)

In accounting, possibility of deviation of actual amount from an expected amount is classified as uncertainty. Uncertainty refers to epistemic situations involving imperfect or unknown information. It applies to predictions of future events, to physical measurements that are already made, or to the unknown.

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