(a) Explain the following terms;
i. Trade discount
ii. Cash discount
iii. Bad debts
iv. provision for doubtful debts
v. Bad debts recovered

(b) Mention the errors that do not affect the agreement of the trial balance

(a) What is a suspense Account

(b) Differentiate between the following;
(i)  Provisions and Reserves
(ii) Expenses and Revenue
(iii) Capital reserves and Revenue reserves

(a) Accounting ratios

(b) Eplain the following
i. Accounting ratios
ii. Current ratio
iii. Rate of stock turnover
iv. Return on capital employed
v. Average collection period
vi. Gross profit percentage

(c) List out the importance of accounting ratios

(a) Explain some of the terms used in the accounts for not-for-profit making organizations

(b) Distinguish between shares and debentures.

(a) What is a source document?

(b) List six types of source documents.

(c) state three uses of subsidiary books