Question

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Supportive services facilitate businesses to carry out the business activities successfully.
(i) Name 3 supportive services.
(ii) What is meant by a banking service?
(iii) Write a difference between a savings account and a current account.
(iv) Write a difference between a credit card and a debit card.


2. Accounting is a major function in businesses.
(i) Name the 5 accounting elements.
(ii) Classify the below items into 5 accounting elements mentioned above.
Furniture, Creditors, Debtors, Bank loan, Capital, Electricity expense, Drawings, Cash, Rent income,
Purchases

Answer 1

Answer:

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