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(b) The use of ratio analysis in substantive testing has limitations. Explain THREE limitations of ratio analysis in its use in substantive testing. (6
(b) The use of ratio analysis in substantive testing has limitations. Explain THREE limitations of ratio analysis in its use in substantive testing. (6 Marks) (c) Snowball Group is taking over the business of Ice Limited including its assets and liabilities. (i) Explain THREE verification principles you would adopt to ascertain the evidence of the assets and liabilities.
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
8th edition
78025745, 978-0078025747
