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QUESTION 3 10.5 Marks x 4 = 2 Marks formulation of Committee on Accounting Procedure (CAP) was the first to establish the accounting theory. Discuss
QUESTION 3 10.5 Marks x 4 = 2 Marks formulation of Committee on Accounting Procedure (CAP) was the first to establish the accounting theory. Discuss this and explain the main mission of this committee and criticism for its work resulting in formulating the Accounting Principles Board [4 Marks)
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