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Question Four: (10 marks) (A1, A2, D4) What do you mean by accounting policy? Give two examples. Write the provisions of IAS8 related to change

Question Four: (10 marks) (A1, A2, D4)

  1. What do you mean by accounting policy? Give two examples. Write the provisions of IAS8 related to change in accounting policy. (5 marks)

  1. What do you mean by accounting estimate? Give two examples. Write the provisions of IAS8 related to change in accounting estimates. (5 marks)

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