(a)Discuss why internal users of accounting information may prefer Management Accounting information to Financial Accounting information (AN:7) (b)Suggest Four reasons why there might be difference between the balance on the receivable ledger control account and the total list of the list of accounts receivable ledger balances.

(CR:7)

(c)Discuss using practical why revenue expenditure must not be capitalised (AN:6)

QUESTION FIVE

(a)Discuss why your company should use reducing balance method of depreciation than straight line method. (AN:7) (b)Duscuss, using practical example, the importance of bank reconciliation on the performance of companies (AN:7) (c)Discuss using practical example why capital is considered as a liability (AN:6)