300 Level Department of Accountancy exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.
Questions:
(a) What is Conceptual framework/Accounting concepts
(b) The 2010 conceptual framework issued by IASB has five parts, list the five parts of this conceptual framework
(c) Explain the following:
(i) Objective of financial statement
(ii) Underlying assumption of financial statement.
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