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Part 1 10 marks Discuss the purpose of Trial balance including its limitations. Part 2 45 marks (15 marks for each financial statement) Discuss the

Part 1 10 marks

Discuss the purpose of Trial balance including its limitations.

Part 2 45 marks (15 marks for each financial statement)

Discuss the purpose and significance of three financial statements: Statement of Financial position, Income statement and Cash flow statement

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