Exam for accountant

Theoretical exam
Max Mark: -----%
1.
2.
3.
4.

Explain the difference between cost and depreciation? 4pts

Discuss the accrual and cash bases of accounting? 4 pts
Explain the accounting cycles with reference to Abay zuriya? 9pts
What are the qualitative Characteristics of accounting
information? 4pts
5. Describe the difference between accounting profit and economic
profit? 4 pts
6. Take any five accounting concepts/principles and explain each
briefly with reference to Abay zuriya? 5 pts