SL 1

Question 1

Is the ___ of recording

Answer 1

Is the art of recording

Question 2

Is the art of recording _________, summarizing in a significant manner

Answer 2

Is the art of recording classifying, summarizing in a significant manner

Question 3

classifying, ___________ in a significant manner in terms of money,

Answer 3

classifying, summarizing in a significant manner in terms of money,

Question 4

Is the ___ of recording classifying, __________ in a significant manner in terms of money, ___________ and events which are in part at least of a __________ character and __________ the results thereof.

Answer 4

Is the art of recording classifying, summarizing in a significant manner in terms of money, transactions and events which are in part at least of a financial character and interpreting the results thereof.

Question 5

What is accounting?

Answer 5

Is the art of recording classifying, summarizing in a significant manner in terms of money, transactions and events which are in part at least of a financial character and interpreting the results thereof.

Question 6

3 Nature of accounting

Answer 6

-is a service Activity
-is an art and a discipline
-is a process

Question 7

4 Functions of accounting

Answer 7

-Recording
-Classifying
-Summarizing
-Interpreting