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Does social and environmental reporting really fall within the scope of accounting? Are accountants really the best people to prepare and audit such reports?
(10 marks)
4. The owner of a business is confused and comes to you for help. The financial statements for his business, prepared by an accountant, for the last accounting period reveal an increase in profit of ?50,000. However, during the accounting period the bank balance declined by ?30,000. What reasons might explain this apparent discrepancy? Discuss.
(10 marks)
Section B (Answer all questions in this section)
5. Steps Stationers plc operates a chain of stationery shops that sell goods to traders on credit and to the public for cash...
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