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What take place in a rights issue of shares?
1. Any premium on issue is added to a capital reserve.
2. Any type of premium on the issue is added to a revenue reserve.
3. Any premium on the issue is written off to the income statement.
4. The nominal value of the issue is written off to the income statement.
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write short notes on 5 modern accounting techniques
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Define Accounting. Briefly explain the accounting concepts which guide the accountant at the recording stage.
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Development of financial accounting standards Several organizations are considerable in the establishment of generally accepted accounting principles (GAAP) for businesses or g
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