The root of financial accounting system is ______.

(a)

Social accounting

(b)

Stewardship accounting

(c)

Management accounting

(d)

Responsibility accounting

Who is considered to be the internal user of the financial information?

(a)

Creditor

(b)

Employee

(c)

Cutomer

(d)

Government

____________of a business have to be repaid in due time.

(a)

Assets

(b)

Sales

(c)

Liabilities

(d)

None of these

____________also require accounting records to submit in courts to prove their claims.

(a)

Salesmen

(b)

Owners

(c)

Producers

(d)

Businessmen

______________ wrote his 'Summa de arithmetical'.

(a)

Kautilya

(b)

Valluvar

(c)

Luca pacioli

(d)

Chanakaya

Define accounting.

What are the steps involved in the process of accounting?

Name any two bases of recording accounting information.

What is meant by drawings?

What do you mean by accounting cycle?

Discuss briefly the branches of accounting.

Discuss in detail the importance of accounting

Explain the objectives of Accounting?

Is accounting an art or a Science?

Describe the various steps involved in accounting process?

Narrate the evolution of accounting

Explain the Accounting cycle

What are the bases of accounting? and briefly explain it.

Describe the informational needs of external users