QUESTION 2 For each of the following statements, identify the accounting concept/assumption involved and briefly explain the correct accounting treatment in each case. a) IPS Limited has bought four dustbins costing GHe5 each. These are expected to last many years and have been recorded under non-current assets. (3 marks) b) A major shareholder of a business withdrew goods valued GH5,000 from the company for his personal use and the accountant has decided to treat the shareholder as a debtor in the company's financial statements. c) Maamaa Lit dispatched goods to the value of GHe8,000 to a customer in the final week of the financial year. The invoice for these goods has been issued but no cash has been received from the customer. Maamaa Lit has not made entry in the accounts at the financial year end. (3 marks) (Total 9 marks)