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Question 2 (a)Trial balances play important role in preparation of financial accounts but as any other system they have their own limitations. As a consultant

Question 2 (a)Trial balances play important role in preparation of financial accounts but as any other system they have their own limitations. As a consultant advice your company on the limitations they should be aware of and also point out how it may impact their accounts JAJ (b)Discuss why it is important to adhere to the double entry principles when preparing an account, stating the repercussion if one goes against this principle. (c)Critically analyse the importance of the Sales day book and Purchases day book as a source book for the preparation of accounts

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