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3.

4 Final Accounts - Purpose


Read pages 191 and 192 and answer the questions that follow.
1. What are final accounts and what is their purpose?

2. How do the following stakeholders use final account records?


a. Shareholders
b. Managers
c. Employees
d. Customers
e. Suppliers
f.

The government

g. Competitors
h. Financiers
i.

The local community

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