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Question 1 In relation to theories of accounting, discuss the following giving examples where necessary: (a) Critically discuss the difference between a positive theory of

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Question 1 In relation to theories of accounting, discuss the following giving examples where necessary: (a) Critically discuss the difference between a positive theory of accounting and a normative theory of accounting. (15 marks) (b) Evaluate the difference between developing a theory by induction and developing a theory by deduction. (10 marks)

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