Question: 1. Briefly explain the following terms with the double-entry effects. Accrual Expenses (2marks) Prepaid Expenses (2marks) iii. Provision for Doubtful Debts (3marks) iv. Bad debts

1. Briefly explain the following terms with the double-entry effects. Accrual Expenses (2marks) Prepaid Expenses (2marks) iii. Provision for Doubtful Debts (3marks) iv. Bad debts (2marks) 2. Briefly explain the differences between depreciation expenses and allowance of depreciation expenses with the extract of the effect in the financial statements. (8marks) 3. Briefly discuss the differences between capital expenditure and revenue expenditure. (8marks)

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