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Q1 In your own words, briefly explain the following terminologies of Cost Element and Cost...

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Accounting

Q1 In your own words, briefly explain the following terminologies of Cost Element and Cost Behaviour.

Q2 List the four (4) key management information requirements and in 50 words or less, describe the requirements.

Q3 List two (2) key principles of budget preparation and explain how their implementation helps business organisations.

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