(Answered) Introduction to cost accounting assignment -an 800 to 1000

Accounting

Introduction to Cost Accounting Assignment -

An 800 to 1000 essay in answer to your chosen essay question. Your essay should give a coherent and well supported answer to the question asked.

Assignment Questions - For your individual assignment please choose ANY ONE of the following 3 questions: Take Q1 and solve it as the requirement

1. The Use of Double Entry and Accounting Systems

Define Double Entry System and explain about its origin.
Explain about 3 stages of Double Entry System of accounting.
Merits and Demerits of Double Entry System of Accounting.
Explain the Modern Approach of Double Entry System of Accounting.

2. Introduction to Accounting and Recording Transactions and Events

Characteristics of Accounting.
Explain Internal and External Factors affecting Capital Structure.
How will you determine the cost of missing inventory?
What is Depreciation and explain main types of Depreciation Methods

3. Trial Balance and Basic Financial Statements

What is Cash Flows statement and explain its segments.
Steps in accounting Cycle process.
Objectives and Methods of Trial Balance.
Explain Basic Financial Statements and its Limitations.

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