Question: Question 4 b) c) Explain the differences between non current assets and current assets. (provide appropriate examples) (6 marks) The variable cost per unit varies

Question 4 b) c) Explain the differences between non current assets and current assets. (provide appropriate examples) (6 marks) "The variable cost per unit varies with output, whereas the fixed cost per unit is constant." Do you agree? Explain. (7 marks) Briefly explain the business entity concept and its impact on the recording of transactions. (6 marks) Explain the difference between bad debts and doubtful debts especially its accounting treatment (6 marks) (Total: 25 marks)

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