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UNIT 1,2,10 SAMPLE PAST EXAM QUESTIONS NOVEMBER 2021 QUESTION THREE a) Describe the purpose of financial accounting (5 marks) b) By use of examples describe

image text in transcribed UNIT 1,2,10 SAMPLE PAST EXAM QUESTIONS NOVEMBER 2021 QUESTION THREE a) Describe the purpose of financial accounting (5 marks) b) By use of examples describe four key assumptions underlying the conceptual framework for financial reporting (8 marks) c) By use of examples describe six factors that influence the level of working capital in an organization. (12 marks) [Total: 25 marks]

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