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In relation to bookkeeping and accounting deal with the following questions. Required a) What are debits and credits in accounting? State the debit and accounting
In relation to bookkeeping and accounting deal with the following questions. Required a) What are debits and credits in accounting? State the debit and accounting rules. b) Identify 5 users of accounting information, and state their information needs? c) Explain to a layman what balancing off accounts means and why is it important. d) State 5 ways in which assets can be classified 5 marks 5 marks 5 marks 5 marks (Total: 25 marks)
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