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Question 2: Discuss, in-depth, the role of proforma financial statements in profit planning. You must discuss the steps/ methods involved in the preparation of proforma

Question 2: Discuss, in-depth, the role of proforma financial statements in profit planning. You must discuss the steps/ methods involved in the preparation of proforma income statement and proforma balance sheets along with assumptions and the financial inferences derived from such proforma financial statements. Please use examples as relevant

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