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Q1. Explain the statement of financial position and its uses and limitations.
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FINANCIAL ACCOUNTING
ACCT 201
ASSIGNMENT 2
Last due date for submission 16 February 2019
You are required to work in this assignment individually. Any suspicious activities or
cheating will result zero grade in this assignment.
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Q1. Explain the statement of financial position and its uses and limitations. (2 marks)
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Financial Accounting
The statement of financial position also known as the balance sheet refers to a financial
statement that reports the ...
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