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QUESTION 1 (10 MARKS) (a) Explain the difference between Financial Accounting and Management Accounting (4 marks) (b) Discuss the differences between direct costs and
QUESTION 1 (10 MARKS) (a) Explain the difference between Financial Accounting and Management Accounting (4 marks) (b) Discuss the differences between direct costs and indirect costs. (3 marks) (c) Distinguish between inventoriable costs and period costs by providing examples. (3 marks)
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
