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1. "It is necessary for non-accounting students to know about accounting". Discuss (10 Marks) 2. COMPLETE THE GAPS IN THIS TABLE: Asset () Liabilities () Capital () a. b. C. d. ? 17,200 ? 55,000 16,900 ? 7,600 16,900 38,100 34,400 28,500 ? (4 Marks) 3. Which of the items in the following list are LIABILITIES and which of the are ASSETS? a) Office machinery b) Loan from Shirley c) Fixtures and fittings d) Motor vehicles e) We owe a supplier for goods f) Bank balances (6 Marks)