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Finance & Cost Accounting Q1.List out the differences between funds flow and cash flow statement. What is main purpose of a Balance sheet? Q2.Explain the rules and regulations of International Accounting Standards Q3.What is main purpose of a journal and ledger process in maintaining the accounting records? Q4.Discuss the utility of ratios from various stakeholder perspectives. Also identify the three key financial ratios from each stake holder’s perspective? Q5.Explain the various role performed by a modern management accountant.
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