Question

please answer gast for atleast 10 1mark and 4 5mark​

Answer 1

Answer:

1. Stewardship Accounting
2. Generally Accepted Accounting Principles
3. financial position
4. record various incomes and expenditures of the business.
5. list of all the general ledger accounts
6. The following are the rules of debit and credit which guide the system of accounts, they are known as the Golden Rules of accountancy: First: Debit what comes in, Credit what goes out. Second: Debit all expenses and losses, Credit all incomes and gains. Third: Debit the receiver, Credit the giver.
7. A ledger is the principal book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type, with debits and credits in separate columns and a beginning monetary balance and ending monetary balance for each account.
8. The four basic steps to developing a trial balance are:

• Prepare a worksheet with three columns. ...
• Fill in all the account titles and record their balances in the appropriate debit or credit columns.
• Total the debit and credit columns.
• Compare the column totals

9.Cash Book.

Purchase Book.

Sales Book.

Purchase Return Book.

10.There are three common types of cash books: single column, double column, and triple column.

Answer 2

Answer:

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