1. Describe how Trading/Profit and Loss account is prepared outlining its components
2. Complete the following table showing which accounts are to be debited and which are to be credited:

SN	Transaction	Account to be debited	Account to be credited
1	Purchased equipment from Mr. Ouma on credit
2	A customer Ms Jane paid in cash
3	Borrowed money by cheque from Mr. Waziri
4	Paid a creditor, Ms. Asha, by cheque
5	Returned to Mr. Ouma some equipment bought from him