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Hi.
BPP question 107. on working out the current liability as at the end of reporting date of first year, the examiner worked out liabilities for both first and second year then concluded the difference as CL. Well, i thought in closure remarks on example 2 of page 50 of the notes the CL is amount due in less than 12month(the interest charge will increase the outstanding balance but will not be fully settled in 12month period). simply the cash to be paid in advance in the following accounting period. a bit confused.thanks.
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