Define Book Keeping.

What is meant by accounting concepts?

What is "Full Disclosure Principle" of accounting?

Write a brief note on 'Consistency' assumption.

An accountant advised his client, who is a doctor to maintain his accounts on cash basis. Is the advice of accountant correct?

Why is it necessary for accountants to assume that business entity will remain a going concern?

What is dual aspect concept?

What is convention of conservatism?

Does every businessman need accounting knowledge?

Identify some of the accounting concepts in this case study.

Explain in detail the modifying principles of accounting.

Write short notes on Dual aspect principle.

What is cost concept

Explain the various accounting concepts.

Explain the various accounting assumptions