Answer all correctly completely 4 marks each 800 words approx solve all 3. 34 Explain the advantages and disadvantages of double entry system. From the following balances, prepare a Trial Balance. Particulars Particulars Drawings 2,000 Sales 68,000 General expenses 4,740 Purchases 40,000 Buildings 20,000 Bank Overdraft 10,000 Stock 16,540 Capital? Wages 8,515 Debtors 6,280 Creditors 2,500 Bad Debts 550 5. 6. 7. Loan to Ravi 7,880 Explain in brief, the different method of providing depreciation. Distinguish between (a) Capital Expenditure and Revenue Expenditure. (b) Capital Receipts and Revenue Receipts. Define accounting standards.discuss the nature and utility of accounting standards.