Question: QUESTION 3 a) There are various reasons advanced for differences in the application of international accounting practices. Explain how the following causes differences in accounting

QUESTION 3

a) There are various reasons advanced for differences in the application of international accounting practices. Explain how the following causes differences in accounting practices employed across different countries;

i) Religion

ii) Business ownership and financing system,

iii) Tax system

(10 marks)

b) Discuss any two (2) common areas of differences in accounting. (6 marks)

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