Related InterviewSolutions

• What do you mean by Accounting? Explain in brief any four advantages of Accounting.
• Write a short note on double Entry System of Accounting.
• Why the following parties are interested in Accounting Information: (a) Investors, (b) Government?
• What do you mean by Financial Accounting? Explain the four main limitations of Financial Accounting.
• Accounting provides information about the profitability and financial soundness of a concern. In addition, it provides various other valuable information also. However,accounting has certain limitations. Explain any three of such limitations.
• What do you mean by Financial Accounting? Explain its one main function.
• Which external user of accounting information is most intersted in knowing the long-term solvency position of the firm?A. EmployeesB. ManagementC. Bank and Financial InstitutionsD. Researchers
• Basic function of financial accounting is toA. record all business transactions.B. interpret financial data.C. assist the management.D. None of these.
• Explain any four objectives of Accounting.
• Explain the primary objectives of Accounting.