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Question : Compare and contrast the use of historical cost accounting (HCA)and fair value accounting (FV) in times of rising prices? (30 marks) This is

Question: Compare and contrast the use of historical cost accounting (HCA)and fair value accounting (FV) in times of rising prices? (30 marks)

This is seen exam question, it should include introduction, argument, supporting evidence and conclusion. Please answer the question fully to achieve the 30 marks.

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