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a) State and explain any four characteristics of useful accounting information.8 marks b) What are the information needs of an employee who reads accounting

a) State and explain any four characteristics of useful accounting information.8 marks b) What are the information needs of an employee who reads accounting information? 2 marks c) Explain the meanings of the money measurement concept, the accrual concept, and the going concern concept of accounting. 6 marks d) Differentiate between partnerships and sole proprietorships.4 marks

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