Question 1:
Discuss and illustrate out how transparency and accountability are critical characteristics towards enhancing trust, credibility, efficiency and effectiveness in your work environment.
Question 2:
Illustrate out the main features of effective bookkeeping system. According to you are these features significant?
Question 3:
Fund raising is a significant function for both your organization and the pupils. Discuss on the last income increasing activity undertaken, its main features, weaknesses and strengths?
Question 4:
(a) Illustrate out the accounting equation:
Fixed Assets + Current Assets – Current Liabilities = Accumulated Fund + Long Term Liabilities
(b) Given that the accounting equation occupies only the small part in the daily routine of your organisation why is it significant to produce a financial statement at the end of the year?