Describe the hierarchy of accounts and explain the life cycle of data. (10 marks) a) Discuss five features of GnuCash and techniques of storage of data. (5 marks) b) Explain five risks KG15 Ltd would face if it operates a Computerised accounting system in it accounting for inventory in the stores. (5 marks) c) Explain four benefits of preparing a payroll using Computerised processes. (5 marks) Total 25 Marks Q.4. Write a memo to management of KG15 Ltd on: i. Importance, functions, limitations and application of a computerised payroll system to a company of your choice in Uganda. (10 marks) ii. Risks of implementing computerised accounting and how they can be mitigated in Cavendish University. (5 marks) iii. Discuss the key controls that can be implemented in the Computerised accounting environment, highlighting limitations of each. (5 marks) Total 25 marks