Question 1
What is the purpose of Accounting? Who are the users of Accounting information?
Question 2
Please watch this short video and share something you learned about the accounting equation.
Question 3
What is the relationship between accounting and bookkeeping? Are they the same? If they are different, how so?
Question 4
How are the financial statements interrelated? How does this determine the proper sequence for preparing the financial statements? Please explain.