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a) Every business transactions affects at least two accounts. Explain any THREE (3) the financial statement effect of each transaction. [6 Marks] b) State FIVE

a) Every business transactions affects at least two accounts. Explain any THREE (3) the financial statement effect of each transaction. [6 Marks] b) State FIVE (5) characteristics of company limited by shares. [5 Marks] c) Justify the purpose of consolidated group financial statements. [4 Marks]

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