Question
i. Going concern ii. Accrual b) State three differences between shares and debentures c) List four criticism towards profit maximization goal of a firm. d) You are given the following information from Lulu farm as at 31st December 2021. Use the information to prepare a ...

Question
b) Explain three factors that affect the cost of credit c) Explain the five golden rules in accounting d) Explain the accounting concept of double entry e) Explain the ‘statement of owner’s equity’ f) Explain the concept of business cycle in accounting