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Paragraph 11 of MFRS 132 defines 'financial instrument' as a contract between two entities which give rise to financial instruments. Required: (a) Eloborate any TWO

Paragraph 11 of MFRS 132 defines 'financial instrument' as a contract between two entities which give rise to financial instruments. Required: (a) Eloborate any TWO (2) financial instruments under MFRS 132. (10 marks) (b) State any FOUR (4) issues in accounting for financial instruments. (4 marks)

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