The following information relates to the business, a petty trader for the month of May, 2012
May 1 Started business with capital in cash 25,000
2 Bought goods on credit from: Dotun 5,400
Mebude 8,700
Bobo 7,600
Olowe 6,400
4 Sold goods on credit to: Bimbo 4,300
Hakeem 6,200
Sumbo 17,600
6 Paid rent by cash 1,200
9 Bimbo paid his account by cheque 4,300
10 Sumbo paid by cheque 15,000
10 Paid the following by cheque: Kola 2,500
Dotun 5,400
15 Piad for carriage on goods by cash 2,300
18 Bought goods on credit: Mebude 4,300
Bobo 11,000
21 Sold goods on credit to Hakeem 6,700
31 Paid rent by cheque 1,800
You are required to prepare the ledger accounts and extract a trial balance.
(a.) Enumerate the services of an External Auditor
State and explain five qualities of an external auditor