Question 1:
Write down short notes on following terms:
• Branches of accounting.
• Kinds of accounting activities.
Question 2:
Write down the short note on the term GAAP.
Question 3:
What do you understand by the single-entry system of book-keeping?
Question 4:
What do you understand by the term Adjustments? Illustrate out the common adjustments with examples.
Question 5:
Illustrate out the meaning of ledger.
Question 6:
Illustrate out the meaning and features of journal.
Question 7:
Write down the procedure for bank reconciliation statement.