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MEANING AND OBJECTIVES OF ACCOUNTING
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DK GOEL-MEANING AND OBJECTIVES OF ACCOUNTING-VERY SHORT ANSWER QUESTIONS
- What is meant by Accounting ?
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- Give any two objectives of accounting.
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- How is profit or loss of a particular period is ascertained?
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- How do we ascertain the financial position of the business?
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- Name the branch of commerce, which keeps a record of monetary transact...
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- Give one point of distinction between Book-keeping and accountancy.
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- What is end product of financial accounting ?
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- Name any two users of accounting information.
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- Who are the internal users of accounting information?
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- Name any two external users of accounting information?
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- State the nature of information required by Investors.
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- What type of information is required by long term lenders ?
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- What are the informational needs of management ?
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- Mention two advantages of accounting.
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- State three limitations of accounting.
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- Which qualitative characteristics of accounting information requires t...
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- Accounting information should be verifable and free from personal Bias...
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- Meena is owner of a restaurant. She paid son's fees her personal bank ...
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