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a ) Answer the following questions: i . Write two sentences on what you know about accounting. ii . Who are creditors and why do

a) Answer the following questions:
i. Write two sentences on what you know about accounting.
ii. Who are creditors and why do they use accounting information?
iii. If an asset increases, what are the three possible effects on accounting equation?
iv. The total assets of Rayaa Company are $57,000. Owner's capital is $25,000; drawings are $7,000; revenues, $52,000; and expenses, $35,000. What is the amount of the company's total liabilities?
v. Is there any transaction that can affect only the left side of accounting equation? If yes, write the example.
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