Question One A. a. What is the purpose of preparing Trial Balance? b. What is the difference between Debtors and Creditors? B. Explain the elements of Accounting equation ii. What is the difference between Tangible and intangible non-current asset? iii. What is the difference between non-current assets and current assets? C. i. Explain these fundamental accounting concepts and their significance; 1. Separate Entity Concept 2. Duality Concept D. i. What is accounting? ii. What is Account? iii. Explain the two types of impersonal account