The root of financial accounting system is ______.

(a)

Social accounting

(b)

Stewardship accounting

(c)

Management accounting

(d)

Responsibility accounting

Which one of the following is not a main objective of Accounting?

(a)

Systematic recording of transactions

(b)

Ascertainment of the profitability of the business

(c)

Ascertainment of the Financial position of the business

(d)

Solving tax disputes with tax authorities

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

(a)

Creditor

(b)

Employee

(c)

Cutomer

(d)

Government

_____________has rightly been termed as the language of the business.

(a)

Accounting

(b)

Book-keeping

(c)

Accountant

(d)

None of these

_____________must be properly maintained to increase their productivity.

(a)

Liabilities

(b)

Assets

(c)

Debtors

(d)

None of these

Who are the parties interested in accounting information?

Name any two bases of recording accounting information.

What is financial accounting?

What is cost accounting?

What is sales?

Who is a proprietor?

Explain the meaning of accounting.

Discuss in detail the importance of accounting

Discuss the role of an accountant in the modern business world.

Explain the term transactions

What are the informational needs of internal users?

Explain the objectives of Accounting?

Narrate the evolution of accounting

Explain the Accounting cycle

Briefly explain the functions of accounting