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Question 2 (25 Marks) a) Explain the purpose and usefulness of financial (ratio) analysis for...

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Accounting

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Question 2 (25 Marks) a) Explain the purpose and usefulness of financial (ratio) analysis for the users of accounting Information (4 marks) b) What is the difference between the trial balance and the balance sheet? (6 marks) c) If total debits equal total credits on the trial balance, is the trial balance error-free? Support your answer with examples. (6 marks) d) Briefly discuss the concept of debit and credit regarding the accounting equation (6 marks) e) Accounting uses a double-entry system. Explain what this sentence means. (3 marks) [Total: 25 M

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