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Question 2 a. Explain Dual Accounting System? Elaborate with the help of appropriate examples. b. What are stakcholders? Explain the environment in which a business
Question 2 a. Explain Dual Accounting System? Elaborate with the help of appropriate examples. b. What are stakcholders? Explain the environment in which a business exists. c Pass the transactions to balance Accounting Equation for the month of January 2021; January 1: Star Co started a business with $70000 cash in hand and S50000 cash at bank. January 3: Purchased furniture $15000 and building $25000 and paid cash. January 4: Purchased office supplies and raw material for $5000 and $10000 respectively on January 5: Starco, issued additional capital of $25000 by depositing in bank account, January 11: Purchased equipment by issuing 30 days notes payable for $10000. January 12: Sold raw material of $5500 equal to the original cost on account January 15: Received cash of S4500 in settlement of account receivables. January 20: Paid utility expenses for $5000 in cash. (02+02+06) account
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