Question 5: Mercy Home is a charity organization run by a group of professionals, employed in public and private sector. Members are volunteering in the activities of Mercy Home. They offer many charity and social services with no intention to make profit. The organization finds money by receiving contribution from generous people, organizing events etc. Over the past years they spent a lot of money in helping poor, homeless people. Members have been successfully managing the operations of Mercy Home. It is clear that Mercy Home is not a business organization. Do you think Mercy Home needs to have an accountant and an accounting system? Justify your answer. (5 Marks, Word Limit 100- 150) Answer: R. Employees are one of the users of accounting information. They are interested in accounting information to know their job prospects and benefits. But accounting information is useful to employees for other purposes too. Discuss how accounting information could help the employees in different departments or sections of an organization to contribute towards enhancing profitability of their organization (5 Marks. Word Limit 100-150)