1. Write the elements [ A, F, 1, $. Pl for the following Ledger Accounts given below. R LEDGER ACCOUNTS ELEMNET LEDGER ACCOUNTS ELEMENT Accounts Receivable Commission Received Cash at bank A Capital R Opening Stock P. Purchases Accounts Payable L Sales E (4 marks) 2. Fill in the Blanks (5 marks) 1. Accounting is recording, summarizing and interpreting of financial data. 2. states that assets should be recorded at its original cost. 3. Another name foe separate entity concept is 4. According to concept location of business cannot be recorded as an item in accounting records. 5. _evaluate the performance of the business to help them in planning and control activities in the business. Complete the analysis chart given below. [6 marks] DATE TRANSACTIONS 2 ELEMENT INC DR AMOUNT ACCOUNTS TYPE DEC CR AFFECTED ULY | Owner started Revenue R DR $1000 business with Cash A CR $1000 cash $1000 Cash purchases Cash A DR $2500 $2500 Purchases P CR $2500 Sold goods to Tina Sales E DR $200 on credit $200 Acis. Pagable L CR $200 Paid rent $500 Cash DR $500 Revenue R CR $500 5