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State and define the key terms used in accounting state and

Topic: INTRODUCTION TO ACCOUNTING.

QUESTION ONE: State and define the key terms used in Accounting?

QUESTION TWO: Explain the nature and purpose of accounting?

QUESTION THREE: Explain the different phases of accounting process?

QUESTION FOUR: Explain the different branches of accounting?

QUESTION FIVE: State and explain the different users of financial information?

QUESTION SIX: What is the general purpose of accounting?

QUESTION SEVEN: Explain the two main financial statements available to users

a. the statement of financial position

b. the income statement.

QUESTION EIGHT: Explain the four main concepts:

QUESTION NINE: State and explain the attributes/qualities of a good accounting information?

QUESTION TEN: Name and explain the role of regulation of accounting profession?

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Accounting Basics: State and define the key terms used in accounting state and

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