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Accountıng Iı Deneme Sınavı Sorusu #984065
Accountıng Iı Deneme Sınavı Sorusu #984065
The term ________ is defined as the present obligations with uncertain amounts to settle.
Which of the following completes the sentence above?
unearned revenue |
estimated liabilities |
accrued expense |
bank loans |
accounts receivable |
Yanıt Açıklaması:
The term “estimated liabilities” is defined as the present obligations with uncertain amounts to settle. That amount is the best estimate of the amount that an entity would rationally pay to settle the obligation at the balance sheet date. The correct answer is B.
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