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QUESTION 6 The elements of Financial Statements are Assets, Liabilities, Equity (Capital), Income and expenses....

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QUESTION 6 The elements of Financial Statements are Assets, Liabilities, Equity (Capital), Income and expenses. Briefly distinguish between following items: (a) Current assets and non-current assets (b) Assets and liabilities (c) Liabilities and Equity (Capital) (d) Revenue (Income ) and Expenses (10 m (e) Revenues and profits arks)

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