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________ 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

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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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