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Give short answers for the following questions: (15) i. Define Accounting. ii. Explain the primary objectives of accounting. iii. Discuss the limitations of accounting. iv.

Give short answers for the following questions: (15) i. Define Accounting. ii. Explain the primary objectives of accounting. iii. Discuss the limitations of accounting. iv. What types of activities are included in data evaluation? v. Outline the main functions of accounting considering the following groups; Lenders Employees Customers Please suggest information that each one is likely to need from accounting statements and reports.

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