4a. State whether the following statement is True or False. il. The ledger is usually divided into three specialist areas; sales ledger, purchases ledger and nominal ledger The totals of the discount columns in the cash book are transferred to the discount accounts in the edge Cash discount is given to encourage customers to pay their accounts within a set til. time mit iv. A contra entry appear on both sides of the cash book V. A credit balance brought down in the bank column of a cash book indicates a bank overdraft. 18 4b. Nana Oye keeps an analysed petty cash book using the imprest system. The amount of the imprest is $100. She provided the following information. 2018 $ February 1 Balance of cash 100 2 Geaners wages 4 Paid tax 4 7 Envelopes 3 10 Postages 6 14 Bus fares 4 18 Office expenses 10 20 Cleaners wages 15 22 Postages 7 25 Office expenses 11 Write up Nana Oye's Petty Cash Book to record her transactions for the month of February, 2018 il Balance the Petty Cash Book on 28 February, 2018 and bring down the balance