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Question 1 (5 marks) a) Why do you to think accounting theories were developed in unstructured manner? Provide TWO(2) reasons (2.5 marks) b) Normative period

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Question 1 (5 marks) a) Why do you to think accounting theories were developed in unstructured manner? Provide TWO(2) reasons (2.5 marks) b) Normative period became one of significant debate about what is the ideal approach to measure and report financial information. Required: Briefly explain the TWO (2) groups who support normative period. (2.5 marks)

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