Define Financial Accounting b$.$ Business entities operate a system to record business transactions in accounting records. Explain FOUR uses of Accounting Information a$)$ Define Conceptual Frameworkb$)$ Mention any THREE objectives of the Conceptual Framework Discuss any FIVE functions of accounting as they relate to the information system of an organization From the following information, prepare the Receipts and Payments Account of the Kano Club for the year ending $31$st December $2022$ N Bank Balance as of $1/1/202211,8000$Management Expenses $109,000$Sponsored Walk $23,000$ Subscription $580,000$ Printing and Stationary $228,000$Sundry Income $57,000$Sales of club$`$s manual $230,000$Sales of equipment $254,000$Caterer for president$`$s ball $113,250$Electricity and Water $78,500$Water Creditors $278,500$ From the following particulars relating to Sharada club, Kano, compute the income from subscription for the year $2023$ Outstanding Subscription $1\mathrm{.}1\mathrm{.}202231\mathrm{.}12\mathrm{.}2022$ Advanced Subscription N$8,200$ N$6,000$Subscription during the period $2022$ N$158,700$ N$2,600$ N$5,400$ Note:You are required to use the following methods:$($a$)$Statement Form$($b$)$Account Form$($c$)$Equation Form The following errors were later discovered in the books of the Dankwano and Brothers even though its trial balance balanced: a$)$ Purchases of N$33,000$ on credit from Danladi Garba had been entered in Danaids Garo A$/$cb$)$ A cheque of N$18,500$ paid for rent was entered in the cash column of the cashbook instead of the bank columnc$)$ Sales on account of N$16,500$ to Kabuga Technical had been entered in error in Kabuga Engineerings A$/$cd$)$ Equipment purchased at N$96,970$ cash was entered in the correct accounts in error as N$96,790.$e$)$ A cheque of N$656,800$ paid to Angelica Plc was debited to the bank A$/$c and credited to Angelica Plc A$/$cf$)$ A sale of a motor vehicle for N$57,700$ had been entered in the sales A$/$c$.$g$)$ Cash withdrawn from bank N$50,000$ had been entered on the credit side of the cash column and debit side of the bank column.h$)$ The purchase of goods for resale N$92,000$ was entered in error in machinery A$/$c$.$i$)$ Cash of N$850,000$ invested into the business by the owner was completely omitted from the books. Required:a$.$ Identify the types of error above.b$.$ Journalize the entries to correct the above errors.