Describe the differences between ‘accounting’ and ‘book keeping’.

Instructions: Answer ALL questions. QUESTION 1 (20 Marks) a) Describe the differences between ‘accounting’ and ‘book keeping’. (4 marks) b) Identify TWO (2) types of internal user and external user. (4 marks) c) For each of the following, state the appropriate accounting concept or principle. i. The recognition of revenues when earned and expenses incurred regardless of when cash is received or paid. ii. An accounting concept that requires an entity to give the same accounting treatment to similar events in successive accounting periods. iii. For accounting purposes, the assumption that the business will continue in operation indefinitely. iv. An accounting principle which indicates that an organization is viewed as a unit independent from its owners

Complete the assignment with a discussion of what you gained from reading about these two entrepreneurs.

You have been given the assignment to read Beer School: Bottling Success at The Brooklyn Brewery. Upon completion of reading this informative book dealing with this real life rags to riches entrepreneurial….

Prepare an income statement and an owner’s equity statement for the 2 months ended December 31, 2019, and a classified balance sheet as of December 31, 2019.

Instructions Cookie Creations (Chapter 4) This assignment is a continuation of the Cookie Creations case study from Chapters 1–3. You will use the information from the previous chapters and from….

Complete Problems 5 and 6 from Chapter 16 in the textbook.

Complete Problems 5 and 6 from Chapter 16 in the textbook. Follow the text directions for Problem 5 closely. Problem 6 should be in paragraph form and answer all parts….