Basics of Accounting

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Basics of Accounting: Overview

This topic covers concepts, such as, Distinction between Book-Keeping and Accounting, Bookkeeping, Activities covered under Accounting and Process of Accounting etc.

Important Questions on Basics of Accounting

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Accountancy>Introduction to Accounting>Basics of Accounting> Q 1

Describe the role of accounting in the modern world.

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Accountancy>Introduction to Accounting>Basics of Accounting> Q 2

Explain the factors which necessitated systematic accounting.

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Accountancy>Introduction to Accounting>Basics of Accounting> Q 3

What is accounting? Define its objectives.

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Accountancy>Introduction to Accounting>Basics of Accounting> Q 4

What is the primary reason for the business students and others to familiarise themselves with the accounting discipline?

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Accountancy>Introduction to Accounting>Basics of Accounting> Q 5

The role of accounting has changed over the period of time. Do you agree? Explain.

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Accountancy>Introduction to Accounting>Basics of Accounting> Q 6

Define accounting.