Q1 The following list of balances was extracted from the books of Johnson at 30 September 2014: Revenue (Sales) 140,000 Purchases 53,000 Inventory (Stock) at 1 October 2013 6,000 Salaries and wages 22,300 General expenses 13,700 Drawings 28,200 Motor vehicle 24,000 Motor vehicle accumulated depreciation at 1 October 2013 9,600 Bank overdraft 1,300 Trade receivables (Debtors) 12,100 Trade payables (Creditors) 5,800 Capital at 1 October 2013 2,600 At 30 September 2014: Inventory (stock) was valued at $7,000. Salaries and wages of $500 were accrued. General expenses include a prepayment of $200. Depreciation is to be provided for the year on motor vehicles at 40% per annum using the reducing balance method. Required: Prepare the Statement of Comprehensive Income (Trading, Profit and Loss Account) and Financial Position for Johnson for the year ended 30 September 2014. (15 marks) Q2 (a) Define each of the following terms: (1) Financial Accounting (1 marks) (ii) Management Accounting (1 marks) (b) State three differences between these forms of accounting. (3 marks) (Total 5 marks)