a) A trial balance was extracted from the books of Rose Limited on 31" December 2010 and it was found that the credit side exceeded the debit side by sh 77. On 28th February 2011 all errors from the previous year were found. i) ii) iii) A cheque of sh 150 paid to L. Kent had been correctly entered in the cash book but had not been entered in L. Kent account. The purchases account had been under cast by sh 20 A cheque of sh 93 received from A. Hadija had been correctly entered in the cash book but had not been entered in A. Hadija account. Required: Write up and rule off the suspense account to correct the errors above (10 marks) b) Accounting practice depends upon the guidance provided by a number of accounting principles. Explain five accounting principles that guide the preparation of accounting (10 marks) statements.