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Answering questions on BDO, reserves and provisions, outstanding and accrued, and non-profit taxation.
BDO is a global accounting firm with expertise in tax services.
Reserves are profits set aside for future use, while provisions are expenses set aside for future payment.
Outstanding refers to unpaid debts or obligations, while accrued refers to expenses that have been incurred but not yet paid.
Non-profit organizations m...
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