Question: Explain: a. The difference between non-current assets and current assets. b. The purpose of the depreciation charge in the profit and loss account. c. The

Explain: a. The difference between non-current assets and current assets. b.

Explain: a. The difference between non-current assets and current assets. b. The purpose of the depreciation charge in the profit and loss account. c. The accruals concept. d. the main reason for preparing a statement of financial position

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