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QUESTION 1 Briefly explain on who will be using the accounting information. (15 marks) QUESTION 2 Describe FIVE (5) elements in financial statements. (15

QUESTION 1 Briefly explain on who will be using the accounting information. (15 marks) QUESTION 2 Describe FIVE (5) elements in financial statements. (15 marks) QUESTION 3 Explain the SIX (6) steps of accounting life cycle. (15 marks)

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