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CBSE - XI Commerce - Accountancy Part I - Introduction to Accounting

Explain any three internal users of accounting information.

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CBSE - XI Commerce - Accountancy Part I - Introduction to Accounting

What is meant by Book keeping?

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CBSE - XI Commerce - Accountancy Part I - Introduction to Accounting

Why are customers, investors and competitors interested in knowing the accounting information?

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CBSE - XI Commerce - Accountancy Part I - Introduction to Accounting

Mention any three limitations of accounting.

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CBSE - XI Commerce - Accountancy Part I - Introduction to Accounting

Explain any 4 advantages of accounting.

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CBSE - XI Commerce - Accountancy Part I - Introduction to Accounting

Mr. Sharma, the owner of Mahakali Trading Company, withdrew Rs.15000 from his company to pay the rent of his house. Is this an economic event? Will it be recorded in the books of account? Explain.

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CBSE - XI Commerce - Accountancy Part I - Introduction to Accounting

What are the objectives of accounting?

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CBSE - XI Commerce - Accountancy Part I - Introduction to Accounting

Who are the interested users of accounting?

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CBSE - XI Commerce - Accountancy Part I - Introduction to Accounting

What are the procedures involved in accounting process?

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CBSE - XI Commerce - Accountancy Part I - Introduction to Accounting

What is an accounting cycle?

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CBSE - XI Commerce - Accountancy Part I - Introduction to Accounting

“Accounting is an art as well as science.” Do you agree with this statement?

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CBSE - XI Commerce - Accountancy Part I - Introduction to Accounting

Define accounting.

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