Question: Question 2 : a. Explain what is meant by the following terms: (3 marks each) i. Doubtful Debts: ii. Ordinary share: b. Explain the

Question 2 : a. Explain what is meant by the following terms:

Question 2 : a. Explain what is meant by the following terms: (3 marks each) i. Doubtful Debts: ii. Ordinary share: b. Explain the difference between tangible and non-tangible assets giving an example of each. (4 marks) Question 3 Given the following information, produce a balance sheet extract showing clearly the working capital. Trade receivables 152,000 (9 marks) Trade Payables 178,000 Bank overdraft 220,000 Stock 142,000 . Cash 232,000 VAT owing 5,000 Short term loan 15,000

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