Date Details Cash Bank Date Details Cash Bank

1st Nov Bal b/f 30,000 120,000 5 Nov Telephone 650

2nd Nov Motor 30,000 60,000 7 Nov Mileage 7500

vehicle claim

6 Nov Trade 5,000 10 Nov Fuel 10,000

license

9 Nov ABC ltd 4,000 11 Nov Newspaper 15000

12 Nov Billboard 20,000 15 Nov Office 3500

equipment

21 Nov Parking 8000 16 Nov Street light 12000

fees

25 Nov Ab ltd 4000 25 Nov Motor 30000

vehicle

26 Nov Postage 1000

27 Nov Salaries 40,000

29 Nov Road repair 12350

30 Nov Bank 17000

Cash C¹ 17,000 Bal c/d 2500 62500

47,000 167,000 47,000 167,000

B) Accountants play a critical role in both non-profit making and commercial organizations. In
commercial organizations, the primary responsibility of accountants is to prepare financial reports,
maintain accurate financial records, and provide financial advice to management. They are also
responsible for ensuring that the organization complies with relevant tax laws and regulations.

In non-profit making organizations, the role of accountants is slightly different. They are still responsible
for preparing financial reports and maintaining accurate financial records. However, their primary goal is
to ensure that the organization's financial resources are used effectively to achieve its mission. This may
involve budgeting and forecasting to ensure that the organization can continue to operate in the long
term.
Overall, the role of accountants in both types of organizations is to provide accurate financial
information and advice to management. However, the specific focus of their work may differ depending
on the organization's goals and objectives.