SECTION C (30 marks) 8 mars 1 mars ANSWER ANY ONE QUESTION QUESTION (a) Explain accounting equation (6) Idemnity four sources of finds of the sole proprietor (2) Identily 3 wees of financial statements and eqlin ter mormation need QUESTION 2 The bank babince and the cash balue of Emrak Lad, as at 31" Lanary 2017 WHICLO and GHC6,000 respectively. You ascertained the blowing GHC Uepresented cheques 5.500 Uncredited cheques 6.000 Adjusted cash book balance 4.500 You are contemplating preparing the bank reconciliation en beginning the balance as per adrested cash book or balance as per bank sement as the the approde will result in the same answer Required: (a) Exphin five causes of the diference between the cash book bance and the back Statement bance Prepare for the month of January 2017 ) Bank reconciliation statement beginning with Adjusted cash book babae mans (c) Bank reconcilution Statement beginning with bank balance (d) Explain adjusted cash book? QUESTION 3 Mr Mensah, a sole trader made the bowing transactions in lanary, 2016: January 2: Credit Purchases from Frienpong GHC 4.000, AnurutGHC3,000, Horor GHC2.500 in each case a trade discount of 10% a wel 5: Credit Sales to: Bons GHC5,000 Bam GHC3.000. Opokuwa Case strade discount of 15% allowed 10: Credit Purchase from Above GC4.000: Saha GHC 2300 Obec