Question

Give short answers to the following questions: (16)
i. Who is an accountant?
ii. Describe various roles and activities that accountantsperform.
iii. What type of duties does a controller perform?
iv. What is a double entry system? Outline the steps involved inDouble entry system.
v. What is the meaning of ‘Debit’ and ‘Credit’ in accounting?
vi. What is meant by ‘Hybrid basis’ accounting? How the entries arerecorded using this method?
vii. What is the difference between ‘Real Accounts’ and ‘PersonalAccounts’?
viii. How do we record the entries using cash basis accountingmethod