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State the term - Regulations
Financial accounting reports, for numerous businesses, are subject to accounting regulations which try to make sure they are produced with standard content and in a standard format. Law and accounting rule makers impose these regulations. As management accounting reports are for internal use only, there are no regulations from external sources concerning form and content of the reports. They can be designed to meet the needs of specific managers.
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APPOINTMENT OF TRUSTEES Capacity : Any person with legal capacity to hold property may be a trustee, except an infant. But the court will not appoint, and may remove:Persons u
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