Name the different parties interested in accounting information, and explain why do they want it.

Define accounting and explain its scope.

Outline the need for accounting and briefly describe the objects of accounting.

Accounting involves a series of activities. List them.

What is accountancy?

What do you mean by book-keeping?

Define accounting.

What do you understand by 'Financial Position'?

What is profit?

State the main objects of accounting.

Give five points in support of the need for accounting.