1a) Name any 5 transactions that you know. 10marks b)Differentiate between Gross Profit and Net profit 2 marks c) Explain the following terms briefly : Bookkeeping 2marks Realisation concept 2marks Accounting 2 marks Historical cost concept 2marks Fixed assets 2marks 2.Clasify the following into capital and revenue expenditure : Description Type of account a) Plant and machinery acquired for office b) Advertising c) Rent of buildings d) Repairs on Type writers e) Insurance on Buildings f) Computers for office g) Construction of buildings h) Computers for resale i) Motor van for office j) Costs of news papers 3.List down 8 users of financial statements, briefly explain their interest. 4. Briefly explain what are real,norminal and personal accounts, give 2 Examples on each