Part B: Short Answer Questions. Answer All the questions (15 marks) 1. Discuss the difference between cash flow from operating activities and cash flow from Financing activities. (3 marks) 2. Explain the credit term, 4/12, n/30. (2 marks) 3. Explain the following terms: (5 marks) a FOB Shipping b. Assets use transaction (provide an example) c. Assets source transaction (provide an example) d. Financial Accounting 4. Explain the purpose of preparing Balance Sheet, and state two accounts which are included in the statement. (2 marks) 5. Explain the difference between permanent accounts and temporary accounts and provide an example under each type (3 marks)