What is accounting and book keeping, Financial Accounting

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Question 1 What is accounting and book keeping? Explain the objectives of accounting?

Question 2 Explain GAAP and write down the relationship between accounting principles, accounting concepts , and accounting conventions. Explain all the five accounting concepts with an example

Question 3 List down the classification of accounts according to accounting equation approach. Give the meaning and examples for all the types of accounts

Question 4 What is cash book? Differentiate between other subsidiary books and cash book


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