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1) Discuss Revenue expenditure and capital expenditure with example. 2) State the characteristics of accounting information. Discuss the various users of accounting information. 3) What

1) Discuss Revenue expenditure and capital expenditure with example.

2) State the characteristics of accounting information. Discuss the various users of accounting information.

3) What is GAAP? State the rules for determination of Debit and Credit.

4) What is Depreciation, Amortization and Depletion?

5) What are the causes for Depreciation of assets?

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