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1. What are the accounts and transactions generally found in the acquisition and expenditure cycle? What source documents are involved? 2. What are the key

1. What are the accounts and transactions generally found in the acquisition and expenditure cycle? What source documents are involved?

2. What are the key accounts in this cycle, and what are the relevant assertions for each account?

3. What are the risks of misstatement that are most common in this cycle?

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