Question
1.Ms. Confusion recently joined as an accounts executive in ChandiniLtd and due to non accounting back ground she needs your help to understand the various
1.Ms. Confusion recently joined as an accounts executive in ChandiniLtd and due to non accounting back ground she needs your help to understand the various accounting principles kindly help her in this regard and also elaborate the two important concepts such as realization and matching concept to her to clarify her basics.
2. You are the Chief Accounts Officer of Chandra Ltd and custodian of financial statements of the company, briefly explain who are the various stake holders interested in your financial statements and name the various financial statements which you normally prepare for your company
3. You are the Accounting faculty of a KSOM Business School. How you will explain the Cash Flow Statement and its various activities to the students by taking 5 examples for each activities.
4.You are the student of MBA first year and how you will explain the concept of adjusting entry to your juniors who recently joined in BBA first year. Also explain six adjusting journal entries to explain the concept.
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