________ are amounts set aside for liabilities or reductions in the valuation of assets.Question 9Answera.Balanceb.Petty cashc.Provisionsd.ImprestClear my choice
Question
________ are amounts set aside for liabilities or reductions in the valuation of assets.Question 9Answera.Balanceb.Petty cashc.Provisionsd.ImprestClear my choice
Solution
The correct answer is c. Provisions. Provisions are amounts set aside for liabilities or reductions in the valuation of assets.
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