693. In accounting, possibility of deviation of actual amount from an expected amount is classified as

A. contribution
B. certainty
C. uncertainty
D. margin
✅ The correct answer is option C.
In accounting, possibility of deviation of actual amount from an expected amount is classified as uncertainty. Uncertainty refers to epistemic situations involving imperfect or unknown information. It applies to predictions of future events, to physical measurements that are already made, or to the unknown.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top