Identify accountor, accountee, and account in each of the following accountability instances
Identify accountor, accountee, and account in each of the following accountability instances
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The conceptual work of Accountability:
In an accountability relationship, the accountor is to give an account to the accountee on what the accountor did. If the accountor refuses to give the account or the account is not satisfactory, the accountor would be sanctioned by the acccountee.
Required:
Identify accountor, accountee, and account in each of the following accountability instances
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(i) A farmer sells meat to local residents.
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(ii) A teacher delivers lectures in the class.
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(iii) A student submits the assignment report to the teacher.
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