Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. liabilities can be provisions, contingent liabilit

Liabilities can be provisions, contingent liabilities or other liabilities. Categorise each of the following liabilities...

90.2K

Verified Solution

Question

Accounting

image

Liabilities can be provisions, contingent liabilities or other liabilities. Categorise each of the following liabilities as provisions, contingent liabilities or other liabilities. (a) An unquantifiable liability for restoring a polluted river (b) Accounts payable (c) Wages payable (d) Obligation for unexpired warranty costs (e) Trade creditors (f) Obligations for employees' long service leave (9) Accrued interest liability (h) Mortgage loan (i) Guarantee for another's loan, which will be payable if the other party defaults

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students