What do you understand by business entity concept?

What are the objectives of Accounting? Name the different parties interested in accounting information and state why they want it?

What is Accounting?

List the activities involved in Accounting?

Name the parties interested in accounting information?

Write notes on:

a) Advantage of Accounting, b) Branches of Accounting, c) Accounting Process, d) Types of Accounts.

Define Accounting and explain its Scope?

Briefly explain the accounting concepts which guide the accountant at the recording stage?

What do you understand by Dual Aspect Concept? Explain its accounting implications.