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List at least five key provisions of relevant legislation

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Reference no: EM132824565

Problem 1: What is the purpose of an accounting system?

Problem 2: List at least 5 key provisions of relevant legislation, regulations, standards and codes of practice that accountants must be aware of in preparing Financial Reports.

Problem 3: Distinguish between the place of a Journal and a Ledger account in the Accounting Cycle.

Problem 4: Identify the Accounting standard relevant to Inventories.

Reference no: EM132824565

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