Only do question #2

Q1. Select a business of your choice, write 10 different transactions for a month, analyze the transactions and show their effect on Accounting Equation. 10 Marks Q2. Answer any one of the following questions (minimum 200 words are required - 5 Marks A. List out any five users of accounting information and discuss how accounting information help them in decision making process with the help of suitable examples. OR B. Discuss how the study of accounting will help in your personal and professional life OR C. Select any five of the Generally Accepted Accounting Principles (GAAP) and describe how each of them enhances the usefulness of accounting information