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QI. On your own words, outline the accounting princtples and assumptions and explain each one. Q2 What is the accounting cycle? Explain every step

QI. On your own words, outline the accounting princtples and assumptions and explain each one. Q2 What is the accounting cycle? Explain every step starting from analyzing transactions to preparing post-closing trial balance. Q3_ on the following trial ABC Co, statt of e ud a Shet The no in the (Marks:) Supplie Equipm Retaid e Supplie Wage Trial B SR 6,500 2,500 17,000 36,000 3,42S 6,000 22 ooo 72,000

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