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Nature and Purpose of Accounting · CSEC Principles of Accounts

9 past-paper questions on Nature and Purpose of Accounting, part of Section 1: Accounting as a Profession, from every CSEC Principles of Accounts paper on Quelpr.

Practise Nature and Purpose of Accounting
  1. 2(a)(i)1 mark· CSEC Principles of Accounts · January 2009 · Paper 2State whether the statement is True (T) or False (F): Accounting records business activities that cause changes in money value.
  2. 2(a)(ii)1 mark· CSEC Principles of Accounts · January 2009 · Paper 2State whether the statement is True (T) or False (F): Accounting reports are useful for good decision-making.
  3. 2(a)(iii)1 mark· CSEC Principles of Accounts · January 2009 · Paper 2State whether the statement is True (T) or False (F): Government tax agencies use accounting information to compute taxes.
  4. 2(a)(iv)1 mark· CSEC Principles of Accounts · January 2009 · Paper 2State whether the statement is True (T) or False (F): Accounting can ensure that profits are made.
  5. 2(a)(v)1 mark· CSEC Principles of Accounts · January 2009 · Paper 2State whether the statement is True (T) or False (F): Business qualities such as reliability and good service can be accounted for.
  6. 7(c)10 marks· CSEC Principles of Accounts · January 2011 · Paper 2List THREE external users and TWO internal users of accounting information and state ONE need of EACH user.
  7. 7(a)(i)2 marks· CSEC Principles of Accounts · May/June 2010 · Paper 2Identify ONE internal user of accounting information and state how this information is used by that user.
  8. 7(a)(ii)2 marks· CSEC Principles of Accounts · May/June 2010 · Paper 2Identify ONE external user of accounting information and state how this information is used by that user.
  9. 3(c)2 marks· CSEC Principles of Accounts · May/June 2016 · Paper 2List ONE internal user and ONE external user of accounting information.