ACC 311 Theory Question: Traditional Approaches to the Study of Accounting Theory

300 Level Department of Accountancy exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.

Questions:

(a) State five types of traditional approaches to the study of account theory

(b) Explain briefly what you understand by the following:

(i) Accounting as an information system
(ii) Accounting as a language
(iii) Accounting as a historical record
(iv) Accounting as current economic reality
(v) Accounting as a commodity

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