Question: Q - 1 - Explain the difference between a 'debit' and a 'credit' in accounting terms. How do these concepts apply to different types of

Q-1- Explain the difference between a 'debit' and a 'credit' in accounting terms. How do these concepts apply to
different types of accounts, such as assets, liabilities, and equity? (5 marks)
Q-2-Alicia Thomson started a company on April 1,2024. The company prepares quarterly financial
statements. The trial balance amounts as on June 30 is mentioned below:

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