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Can you say me that in which paper of ACCA i can get knowledge about Off Balance Sheet Liabilities?
what is Off Balance Sheet Liability?
It’s where, for example, you “sell” some slow-maturing products to the bank, record it as a sale and receive the money. But the reality of the transaction is that it’s a loan secured on your inventory
You’ll find examples in the chapter titled “Substance over form”
Ok?
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