Question 1 Briefly explain the functions of accounting
Question 2 Explain the three branches of accounting
Question 3 What is single entry system? What are the advantages and disadvantages of Single entry system?
Question 4 Briefly explain the types of business transaction
Question 5 What do you mean by Bank reconciliation statement?
Question 6 What are the different classifications of error?
Question 7 How do you rectify the error?
Question 8 Briefly explain the characteristics of Bill of exchange