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QUESTION THREE a) State and explain any four characteristics of useful accounting information.8 marks b) What are the information needs of an employee who reads

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QUESTION THREE a) State and explain any four characteristics of useful accounting information.8 marks b) What are the information needs of an employee who reads accounting information? 2 marks c) Explain the meanings of the money measurement concept, the accrual concept, and the going concern concept of accounting. 6 marks d) Differentiate between partnerships and sole proprietorships.4 marks

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