1. What are the differences between Financial and Management Accounting? (a) Explain the following abbreviation DAL ALA (iii) ALC (b) List four causes of disagreement or difference between cash balance and bank statement balance. (c) Explain four merits of double entry system 2. (a) Distinguished between Capital expenditure and Revenue Expenditure (b) Explain four objectives of the financial statement. (C) Distinguish between an asset and liabilities. (D) Explain why your bankers, creditors and Government agencies will be interested in your company's accounting information