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Question Three 1. Differentiate between trade and cash discount with examples 2. What are the financial statements prepared at your work place? 3. What are

Question Three 1. Differentiate between trade and cash discount with examples 2. What are the financial statements prepared at your work place? 3. What are the reasons for preparing them? (Questions 1, 2 & 3 one page) 4. Please identify and discuss five (5) root causes of fraud and corruption at your workplace. What are the mechanisms put in place to prevent, detect and deter them? (One page)

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