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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