Question: Need answer for this 1. It is necessary for non-accounting students to know about accounting Discuss (10 Marks) 2. COMPLETE THE GAPS IN THIS TABLE:

Need answer for this

Need answer for this 1. "It is necessary for

1. "It is necessary for non-accounting students to know about accounting" Discuss (10 Marks) 2. COMPLETE THE GAPS IN THIS TABLE: Asset () Liabilities () Capital () a. b. ? 17.200 2 16,900 ? 7,600 38,100 34,400 28,500 c. (6 Marks) 3. COMPLETE THE FOLLOWING ENTRIES USING COMMON LEDGER ACCOUNT- DEBIT CREDIT d. Hans contributes some cash to the business e. A debtor, Felix, paid us in cash f. A debtor, Lynn, pays us in cheque g. Bought car by cash h. Some goods are sold for cash i. Some goods are sold on credit terms to Sarah j. Goods are purchased on credit from Smith (14 Marks)

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