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- What is the monetary unit assumption?
- The Sum of three numbers in G.P. is 35 and their product is 1000. Find the numbers.
- Who are internal users of accounting data? How does accounting provide relevant data to these users?
- What is the basic accounting equation?
- "A worksheet is a permanent accounting record and its use is required in the accounting cycle." Do you agree? Explain.
- What is the economic entity assumption?
- "The term debit and credit mean increase and decrease, respectively." Do you agree?
- What uses of financial accounting information are made by investors and creditors?
- In a survey conducted of 2,000 clerks in an office it found that 48%preferred coffee (C), 54% liked Tea (T) and 64% used to smoke (S). Of the total 28% used C and T, 32% used T and S, and 30% preferred C and S. Only 6% did not of these. Find
- Define primary deposit and derivative deposit.