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Q uestion 2 (a) Describe the basic features of positive and normative theories of accounting. Provide examples of these theories. ( 3 marks) (b) Differentiate

Question 2

(a) Describe the basic features of positive and normative theories of accounting. Provide examples of these theories. (3 marks)

(b) Differentiate Positive Accounting Theory (PAT) from other positive theories of accounting. (5 marks)

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