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Question 1 ( 35O words) From your understanding, what are bookkeeping and accounting? State the differences. Question 2( 35O words) What are the basic principles

Question 1 ( 35O words)

From your understanding, what are bookkeeping and accounting? State the differences.

Question 2( 35O words)

What are the basic principles of accounting? Please explain

Question 3( 35O words)

What are agency theory and stakeholder theory? From your understanding, how do you differentiate between the two?

Question 4( 35O words)

Explain the need for accounting standards.

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