problem 1:

prepare down short notes on following terms:

• Branches of accounting.

• Kinds of accounting activities.

problem 2:

prepare down the short note on the term GAAP.

problem 3:

What do you understand by the single-entry system of book-keeping?

problem 4:

What do you understand by the term Adjustments? Illustrate out the common adjustments with exs.

problem 5:

Illustrate out the meaning of ledger.

problem 6:

Illustrate out the meaning and features of journal.

problem 7:

prepare down the procedure for bank reconciliation statement.