Question: Question 1 Part A (2 marks) Explain what is the primary objective of accounting? Question 1 Part B (3 marks) Explain what is Sustainability Reporting?

Question 1 Part A (2 marks)

Explain what is the primary objective of accounting?

Question 1 Part B (3 marks)

Explain what is Sustainability Reporting?

Question 1 Part C (4 marks)

Identify any 2 forms of business and state 2 advantages of thereof.

Question 1 Part D (6 marks)

Explain what the conceptual framework is and state the purpose it serves?

Question 1 Part E (5 marks)

State and explain any five accounting concepts or principles.

Concept/Principle

Explanation

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