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5. Many small business owners do not keep proper accounting records. It may still be possible to find profit or loss from their single enti'y

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5. Many small business owners do not keep proper accounting records. It may still be possible to find profit or loss from their single enti'y records. Explain THREE (3) disadvantages of using the analysis method to find profit or loss from the single entry records kept by sole traders. (6 marks)

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