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Present liability of uncertain amount which can be measured reliably by...

This question belongs to Commerce Accounting
Accounting
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Present liability of uncertain amount, which can be measured reliably by using a substantial degree of estimation is termed as

Answer & Solution
Correct Answer: Option C
Present liability of uncertain amount, which can be measured reliably by using a substantial degree of estimation is termed as Provision. A provision is an account which records a present liability of an entity.
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