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Q2. Discuss extensively the following terminologies used in Accounting . Appropriate examples should be cited as well. 1. Posting 2. Intangible assets 3. Journal 4. Ledger (5 marks) INSTRUCTIONS 5. The assignment must have a front page specimen indicating the course title, name of the student, name of faculty and date of submission. 6. The assignment should have a table of contents, answers to the requirements and appropriate references, if necessary. Use APA style of referencing. 7. The assignment should be done in Word, font size 12, font style Times New Roman, text color black, colors can be used ONLY in appendices; main body of the report should be black and white. 8. Last date of submission: 4th of March 2021. . The assignment should be submitted on time through Ms Teams. Late submission shall be penalized as per the norms of OCMT. Maximum marks to be awarded for this assignment is 100. The evaluation criteria follows: Criteria Marks 1. Journal entries and Discussions 15 Principles of Accounting 1 (202101) 202101 (QP) Page 2 of 4 9. A viva-voce may be conducted as per the discretion of the faculty and it carries no marks. 10. Marks awarded in the assessment is provisional till it is approved by the Exam Board 11. Feedback will be given through Ms teams and in the timeline as stated in the course syllabus Page 4 of 4