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Which of the following statements are true? 1
2
Accounting can be described as the recording and summarising of transactions.
Financial accounting describes the production of a statement of financial position
and statemen of profit or loss for internal use.
1 only
A B c
2 only
Both 1 and 2
D
None
The main affiti

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Which of the following statements are true? 1
2
Accounting can be described as the reco...
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