Q1;Describe in detail principle support for comparability versus flexibility.

Q.2:Define accounting theory and describe thenatureandstructureof accounting theory?

Q.3.Differentiate descriptive methodology versus normative methodology. Differentiate pragmatic approach from authoritarian approach.

Q.4.Describe (i) deductive approach (ii) inductive approach. Compare and contrast these two approaches.

Q.5.Describe revenue principle in detail, by describing its elements