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QUESTION TWO [25] 2.1 List two (2) users of financial statements. (2) 2.2 List three (3) elements...

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Accounting

QUESTION TWO [25] 2.1 List two (2) users of financial statements. (2) 2.2 List three (3) elements of the financial statements. (6) 2.3 Define the following terms with examples, 2.3.1 Non Current Asset (5) 2.3.2 Current Liability (5) 2.3.3 Net asset value (3) 2.4 Differentiate between Periodic Inventory system and Perpetual Inventory system. (4)

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