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I. Explain what Raymond Chambers mean by additivity. (5marks) II. Illustrate 5 entries of additivity in context of accounting. (10marks) III. If historical cost value

I. Explain what Raymond Chambers mean by additivity. (5marks) II. Illustrate 5 entries of additivity in context of accounting. (10marks) III. If historical cost value measurement makes decision usefulness then why are public listed companies in Malaysia still using historical cost when preparing financial statement? Justify the advantages of historical cost accounting. (10marks)

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