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Q5. (a). Explain the main classes of accounts and name their sub-divisions (b). Outline the steps in balancing an account. . Distinguish between Returns inwards

Q5. (a). Explain the main classes of accounts and name their sub-divisions

(b). Outline the steps in balancing an account.

. Distinguish between Returns inwards and Returns outwards.

(d). Distinguish between a Trial Balance and a Balance Sheet.

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