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What is accounting? Define its objectives.

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Important Questions on Introduction to Accounting

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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
Explain the significance of Taylor's Scientific Management.
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
Explain the concepts of the short run and the long run.
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
Define accounting.
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
What is the law of variable proportions?
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
Which style of leadership does not believe in use of power unless it is absolutely essential?
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
What does it mean to issue debentures at a discount and redeemable at a premium?
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
What is the total product of an input?
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
What is the primary reason for the business students and others to familiarise themselves with the accounting discipline?
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
State the meaning of principles of management.
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
What is the meaning of ‘Debentures issued as a collateral security’?
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
What is informal communication?
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
Explain the relationship between the marginal products and the total product of an input.
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
What is meant by a debenture?
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
What is the law of diminishing marginal product?
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
The role of accounting has changed over the period of time. Do you agree? Explain.
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
What does ‘Issue of debentures for consideration other than cash’ mean?
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
Describe the role of accounting in the modern world.
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
Explain the factors which necessitated systematic accounting.
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
What does a bearer debenture mean?
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Accountancy>Financial Accounting-I>Introduction to Accounting>Basics of Accounting
Which of the following is an example of a financial objective of management?