Question: a) b) c) Every business transactions affects at least two accounts. Explain any THREE (3) the financial statement effect of each transaction. State FIVE

a) b) c) Every business transactions affects at least two accounts. Explain

a) b) c) Every business transactions affects at least two accounts. Explain any THREE (3) the financial statement effect of each transaction. State FIVE (5) characteristics of company limited by shares. Justify the purpose of consolidated group financial statements. [6 Marks] [5 Marks] [4 Marks]

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