(«a) Explain the meaning of the following terms as used in double entry bookkeeping: (i) Debit entry (2 marks) (ii) Credit entry (2 marks) (iii) Ledger (2 marks) (b) The transactions below relate to the business of Fatima Enterprises for the month of January 2023: Jan 2: Purchased goods on credit from Dangote Ltd N60,000 Jan 5: Returned goods to Dangote Ltd N8,000 Jan 10: Sold goods on credit to Chukwu Stores N50,000 Jan 14: Chukwu Stores returned goods worth N6,000 Jan 18: Paid Dangote Ltd the amount owing by cheque after deducting 5% cash discount Jan 25: Received a cheque from Chukwu Stores in full settlement of his account after allowing him 4% cash discount You are required to: (i) Prepare the account of Dangote Ltd in the books of Fatima Enterprises and bring down the balance. (5 marks) (ii) Prepare the account of Chukwu Stores in the books of Fatima Enterprises and bring down the balance. (5 marks) (c) State TWO advantages of maintaining a ledger in a business. (4 marks) [Total: 20 marks]