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Accountants Accounting and Reporting Policy Research Activities Liabilities and How to Account For Them

Liabilities and How to Account For Them

Liabilities and how to account for them: an exploratory essay (October 2002) (PDF)

This essay explores the application of the value to the business (or ‘deprival value’ model and suggests that it may provide a rationale for stating liabilities at entry values in many cases, including those in respect of payments received from customers.

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