1. Kavan is a trader dealing in electronic goods who commenced his business in 2018. For the following transactions that took place in the month of March 2021, pass journal entries. Required: You are required to show the Journal entries (only) (with narrative) necessary to record the following items which occur in March 2021. 2. The following are the balances on the accounts of ABC on 31 August 2021: Pas : Required: a) Prepare ABC's trial balance as of 31 August 2021. (20 marks) b) Explain the benefits and limitations of the trial balance in a business Organisation. (20 marks) 1. Kavan is a trader dealing in electronic goods who commenced his business in 2018. For the following transactions that took place in the month of March 2021, pass journal entries. Required: You are required to show the Journal entries (only) (with narrative) necessary to record the following items which occur in March 2021. 2. The following are the balances on the accounts of ABC on 31 August 2021: Pas : Required: a) Prepare ABC's trial balance as of 31 August 2021. (20 marks) b) Explain the benefits and limitations of the trial balance in a business Organisation. (20 marks)