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1. (a) Accounting is both an art and science. Briefly discuss
(b) State five each quantitative and qualitative nature of accounting.
2. (a) What do you understand by source document? State ten source documents known to you.
(b) What is Double Entry Book-Keeping? State the basic Principle of Double Entry Book-Keeping according to Luca Pacioli.
3. Write short note on the following:
(a) Periodicity
(b) Materiality
(c) Matching Concept
(d) Going Concern Concept
(e) Entity Concept
4. Book-Keeping is to Accounting as Typing is to Office Technology and Management.
Discuss
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