English Version Accounting Suggestion and Question Patterns of HSC Examination 2017-1. Accounting or secretarial is the production of info about a business and the broadcast of such info to those who have with those who need. The Message is generally in the form of monetary declarations that current in financial rapports the financial capitals below the switch of the organisation, the art lies in the assortment of pertinent info for the user and is a correct image. The accounting principles are practical to marketable objects in three divisions of creative repetition, the name of the accounting, accounting, and check.

EV Accounting 2 Suggestion and Question Patterns of HSC Examination 2017-1

Model Question No. 1

Accounting or accountancy is the measurement, processing and communication of financial information about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the “language of business”,measures the results of an organisation’s economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms ‘accounting’ and ‘financial reporting’ are often used as synonyms.

Accounting can be divided into several fields including financial accounting, management accounting, auditing, and tax accounting. Accounting information systems are designed to support accounting functions and related activities. Financial accounting focuses on the reporting of an organisation’s financial information, including the preparation of financial statements, to external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement, analysis and reporting of information for internal use by management. The recording of financial transactions, so that summaries of the financials may be presented in financial reports, is known as bookkeeping, of which double-entry bookkeeping is the most common system.

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