1. Give short answers to the following questions: (16)

i. Who is an accountant?

ii. Describe various roles and activities that accountants perform.

iii. What type of duties does a controller perform?

iv. What is a double entry system? Outline the steps involved in Double entry system.

v. What is the meaning of Debit and Credit in accounting?

vi. What is meant by Hybrid basis accounting? How the entries are recorded using this method?

vii. What is the difference between Real Accounts and Personal Accounts?

viii. How do we record the entries using cash basis accounting method?