Respond to the following in at least two (2) substantive paragraphs or 250 words and cite sources where appropriate.
Compare and contrast positive and negative transfer, also (using the concept of transfer) explain why it is important to get to know your learners.
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2018-19, Soft Ltd. gave guarantee of loan of Hard Ltd. In the financial year 2018- 19. the financial condition of Hard Ltd was sound. But in 2019-20, the financial health of Hard Ltd deteriorated and on 31.01.2020 company went into liquidation. How this situation is to be treated by Soft Ltd.
PLEASE ANSWER IN ACCORDANCE WITH ACCOUNTING STANDARS
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