Question: Question 1 Auto Mobile Ltd is required to prepare general purpose financial reports for the year ending 30 June 2023. i. What type of entity

Question 1 Auto Mobile Ltd is required to prepare general purpose financial reports for the year ending 30 June 2023. i. What type of entity must Auto Mobile Ltd be? (1 mark) ii. What are the accounting implications of being this type of entity? (1 mark)

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