Question 1 Define Accounting. Briefly explain the ‘Entity Concept' and ‘Money Measurement Concept' of accounting
Question 2 What is rectification of errors? List and explain the stages where the errors are deducted for rectification
Question 3 Explain the various steps in financial planning
Question 4 What is inventory management and explain the following
- Economic Order Quantity
- Reorder Point
Question 5 Explain the different steps involved in preparation of Fund Flow Statements
Question 6 What is cost? Discuss the factors involved in estimating the cost