1 Not yet answered Marked out of 25.00 Flag question (a) (i) Explain the term "Accounting" and detail its role in the modern organization (3 marks) (ii) What are the goals of Accounting? (2 marks) (b) Explain the various disciplines of Accounting and give their respective functions (4 marks) (c) Explain the following Accounting terms giving examples as necessary. i) ii) iv) v) Account (1 mark) Ledger (1 mark) Accounting Cycle (3 marks) Revenues vs Expenses (3 marks) Prepayments vs Accruals (3 marks) (d) Detail and explain the functions of the basic financial statements