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Q2: Come up with a scenario for a service business. Then, assume that this business made 5 transactions. Journalize those transactions. (2 Marks) Q3: In

Q2: Come up with a scenario for a service business. Then, assume that this business made 5 transactions. Journalize those transactions. (2 Marks) Q3: In your own words, describe the meaning of Revenue Recognition Principle. (1 Mark)

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