Question 5: 1. Consider the following events related Mr. Masood, the owner of a retail shop in Ibri. Masood gifted a watch to his staff Ms. Zainab on the occasion of her marriage. 2. Paid rent for the staff accommodation 3. One of his staff got injured in a road accident. 4. Masood fired a staff for theft of money from shop. 5. A customer, who had to give OMR 2,000 to Masood, died. 6. A new staff is hired as a manger of the shop. 7. Masood donated OMR 500 to help people affected by Covid 19. Required: - Identify the transactions that should not be recorded in the accounting records of Masood's business. b) Discuss the reasons for not recording the identified transactions in the accounting records. (5 Marks, Word Limit 100-150) Answer: B. Explain why the debit and credit total of a trial balance should always be equal? (2 Marks, Word Limit 40-60) Answer: c. What are the situations that a trial balance total will not be equal? Explain with the help of at least two examples. (3 Marks, Word Limit 60- 80)