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1.what is the role of the IASB?
A.oversee the island setting and regulatory process
B.formulate international financial reporting standards
C.review defrctive accounts
D.control the accountancy profession
2.which of the following statement is true?
A.Debit purchase,Credit cash.
B.Debit payables control,Credit purchases
C.Debit cash,Credit purchases
D.Debit purchases,Credit payables control
