Despite the Uncertainty in Relation to the Exact Amount to Be

question 8

Multiple Choice

Despite the uncertainty in relation to the exact amount to be paid and the actual timing of the payment, which of the following is still regarded as a liability?

• A)Deposit on services received in advance.
• B)Provision for employee bonuses.
• C)Accounts payable.
• D)Money borrowed from an associate company.

---

Definitions:

Database Design

The process of structuring and organizing data in a database to efficiently manage and retrieve information.

Y2K Problem

A computer bug related to the formatting and storage of calendar data for dates beginning in the year 2000, where systems using two digits to represent the year could not distinguish between 1900 and 2000.

Service Downtime

A period during which a service is not operational or available to users, often due to maintenance or technical issues.

Customers Leave

The phenomenon of consumers discontinuing their business with a company or service, often due to dissatisfaction, better alternatives, or changing needs.