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1. Analyse the accounting system is a non-profit organization? 2. Define prospectus. What are the main contents of a prospectus ? 3. Explain stock and debtors system? 25 wood angive JJJNN 30owod 4. Explain the role of head office in branch accounts 5. Distinguish between receipts & payments accounts and income & expenditure accounts? ASSIGNEMENT - 2 5 X 3 = 15 Marks 6. 'X' purchased a machine on hire purchased system. The total cash price of the machine is '31,960. Down payment '8,000 and three installments of ' 12,000, 10,000, 4,000 payable at the end of the first, second and third years respectively. Interest is charged 5% p.a. Charge depreciation at 10% on straight line method. Prepare ledger accounts in the books of .X UNev codr. 31,960. 25, 0652) 34 5 5. 8000 3009 D1036 3 505 Jaure Sowr dP. 12,000, dj. 10,000, ar. 4000 30ow.D. Sade 5% sorude bowe 3500 7036 098 10% ' X' base egg 7. Distinguish between single entry system & double entry system 8. How do you allocate the various types of expenses to various departments 9. What is partnership deed? Explain its contents 10. What are the characterstics of Joint stock company