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WAEC Accounting 2021 Objective — Question 44

Question 44 of 50 from the West African Examinations Council (WAEC) Accounting 2021 Objective paper, with the correct answer and a full explanation.

Provision is made in the accounts when the amount involved in the anticipated loss is

A. too much
B. not significant
C. not certainCorrect
D. well known

Explanation

Provision is made in accounting for unforeseen or uncertain anticipated losses.

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