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*Using your own words, discuss the purpose of the following concepts in financial accounting: (a) Depreciation (b) Bad Debts (c) Provision for Doubtful Debts (d)

*Using your own words, discuss the purpose of the following concepts in financial accounting:

(a) Depreciation

(b) Bad Debts

(c) Provision for Doubtful Debts

(d) The Accrual Principle

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