Question 2 (a) 'The big disadvantage of a sole trader business is that the personal liability of the owner is unlimited - the owner could lose everything. I think I will take on a partner and convert my business to a partnership organization. My partner and I can manage the business fulltime and, in that way, I will certainly also reduce the chances of losing my personal assets if the business fails.' Discuss briefly on this statement. (5 marks) (b) Explain how the Allowance for Doubtful Debts account might have a debit balance before the end-of-period adjustment is made. (3 marks) (c) Explain how an internal and an external user uses a company's accounting information. . (2 marks) (Total 10 marks)