Question: PLEASE ANSWER IT. I NEED FOR 2-3 HOURS Name 1. Based on your own understanding, what is business? 2. What business you have or you

PLEASE ANSWER IT. I NEED FOR 2-3 HOURS Name 1.

PLEASE ANSWER IT. I NEED FOR 2-3 HOURS

Name 1. Based on your own understanding, what is "business"? 2. What business you have or you are dreaming you have in the future? 3. Business can be sole proprietorship, partnership or corporation. Assuming you will create a corporation, prepare the following: a. Company Name b. Business Location List of Incorporators: Position Share Percentage (%) President Vice President Treasurer Auditor Corporate Secretary TOTAL: 100.00% 4. What is the importance of accounting in your life? 5. Define accounting equation 6. Define and differentiate the PICPA, PFRS and IFRS 7. Differentiate the fundamentals characteristics of the conceptual framework of accounting 8. What are the major steps in accounting cycle? 9. List in the table below the normal balances of accounts: Debit Credit 10. Create your own accounting dictionary from letter A to Z

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