Description
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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