(A) Accounting is considered a social science and as a result of the development and technological advancement and economic growth that led to the emergence of fields (branches) specialized in accounting, I mention 4 types of accounting branches with an explanation for each branch and the difference between the four branches that I mentioned. (20 marks)

(B) The following is the trial balance of the Nakheel Trading Corporation, with balances on 12/31/2021 AD

Required:

1- Preparing the income statement for the financial period ending 12/31/2021. (10 marks)

2- Preparing the list of changes in property rights for the financial period ending on 31/12/2021.

account name Credit balances City balances Cash on hand 7750 Receivables 1800 Supplies and equipment 1000 Furniture 950 the cars 4000 Accounts payable 2025 Bank loan 225 11400 Capital 1/1/2021 (beginning of the (period Personal withdrawals 500 the sales 4800 Cost of goods sold 1000 Salary expense 950 Rental expens 1000 Profits from selling a car 500 Total 18950 18950