❇️Q1.(a) State four uses of the general journal
(b) Explain the purpose of each of the following
I) Trial balance
ii) Suspense account
iii) Bank reconciliation statement
iv) Bank Statement

❇️Q2.(a) Explain the following means of payment used in business transactions
(I) Standing order
ii) Payment order
iii) Cheque

❇️Q3.(a) What is depreciation
(b) List and explain three ethods of depreciation.
(c) Explain five causes of disagreement between cash book and the bank statement balances.

❇️Q4. Explain the purpose of preparing each of the following financial statement
(a) Trail balance
(b) Trading account
(c) Manufacturing account
(d) Profit and loss account
(e) Appropriation account
(f) Balance sheet