(a) Explain whether the Discount Allowed and Discount Received columns in a three-column Cash Book are T-accounts. (2 marks)

(b) Compare and contrast the Sales Account with the Sales Ledger. (4 marks)

(c) Among the five categories of assets, liabilities, income, expenses and equity, what category would Purchases sold or Inventory sold fall under? Also give two (2) characteristics of this category. (3 marks)

(d) Give two (2) users of accounting information. For each user, state one (1) section of accounting information they would be interested in. (4 marks)

(e) Do different types of organisations have differences in their accounts? Which type of organization is this syllabus that you have been learning aimed at? (2 marks)