The two column cash book records

A crane hired by a building construction company would be classified as

a. What are incomplete records?

b. Outline three limitations of keeping incomplete records

c. State three reasons a business keeps incomplete records

a. Identify the errors in the following transactions and state if they would affect the agreement of the trial balance totals

- Purchase of consumable posted to purchases account

b. An invoice amount incorrectly posted to purchases day book

c. Returns outwards posted to the personal account only

d. The totals sales ₦120,000 was recorded as ₦102,000

e. Payment of cheque to Ige entered on the receipt side of the cash book and credited to Ige's account

List five users of accounting information and state their respective interest in the accounting information