Meaning and features of journal


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.

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Accounting Basics: Meaning and features of journal
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