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2. Material Costing, Economic Order Quantity EOQ, Reorder Point/Ordering Point, Lead Time, Maximum Level of Inventory, Minimum Level of Inventory, Average Stock Level, Safety Stock, Danger Level, Optimum number of Orders, Order Frequency

Leave a Comment / Cost and Managerial Accounting / /
Material Costing, Economic Order Quantity EOQ, Reorder Point/Ordering Point, Lead Time, Maximum Level of Inventory, Minimum Level of Inventory, Average Stock Level, Safety Stock, Danger Level, Optimum number of Orders, Order Frequency

In this post, we are gong to discuss Material Costing, Economic Order Quantity EOQ, Reorder Point/Ordering Point, Lead Time, Maximum Level of Inventory, Minimum Level of Inventory, Average Stock Level, Safety Stock, Danger Level, Optimum number of Orders, Order Frequency both theoretical and with the help of practical examples.

2. Material Costing, Economic Order Quantity EOQ, Reorder Point/Ordering Point, Lead Time, Maximum Level of Inventory, Minimum Level of Inventory, Average Stock Level, Safety Stock, Danger Level, Optimum number of Orders, Order Frequency Read More »

Business Statistics Solved Paper FBISE 2012 ICOM II, MCQS, Short Questions, Extensive Questions

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Business Statistics Solved Paper FBISE 2012 ICOM II, MCQS, Short Questions, Extensive Questions

In this post, I am going to solve paper of Business Statistics 2012 for ICOM II FBISE in which MCQS, short questions and extensive questions of the topics of Introduction to Statistics, Averages, Index Numbers and Probability is discussed and solved

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1. Depreciation, Reasons of Depreciation, Methods of Depreciation, Straight Line/ Original Cost/Fixed Instalment Method, Diminishing/Declining/Reducing Balance Method.

Leave a Comment / Principles of Accounting II, Financial Accounting I / /
Depreciation, Methods of Depreciation

In this post, I am going to discuss Depreciation, Methods of Depreciation, Straight Line/ Original Cost/Fixed Instalment Method, Diminishing/Declining/Reducing Balance Method, Reasons of depreciation, Important Journal entries, theoretical aspects & Example short and extensive questions for understanding with Important MCQ’s of Depreciation

1. Depreciation, Reasons of Depreciation, Methods of Depreciation, Straight Line/ Original Cost/Fixed Instalment Method, Diminishing/Declining/Reducing Balance Method. Read More »

1. Material Costing, Specific Identification Method, Weighted Average Cost Method, First In, First Out Method(FIFO), Last In, Fist Out Method(LIFO)

Leave a Comment / Cost and Managerial Accounting / /
Specific Identification Method, Average Cost Method, FIFO, LIFO

In this post, I am going to guide you about material costing, specific identification method, weighted average cost method, First In, First Out Method (FIFO), Last In, First Out Method (LIFO).

1. Material Costing, Specific Identification Method, Weighted Average Cost Method, First In, First Out Method(FIFO), Last In, Fist Out Method(LIFO) Read More »

1.1 Principles of Accounting, Journal, Ledger, Trial Balance

Leave a Comment / Principles of Accounting I / /
Principles of Accounting, Journal, Ledger, Trial Balance

In this post, I am going to discuss with you practically about Principles of Accounting, topics Journal, Ledger, Trial Balance with the help of questions asked in paper 2008 and 2009 of FBISE Federal Board of Intermediate & Secondary Education Islamabad. Each paper will be segmented into three parts. first part will be extracted from the extensive questions, second part related to short questions and third one will be related to MCQ’s

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1. Measures of Central Tendency, Arithmetic Mean, Median, Mode, Harmonic, Geometric Mean

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Measures of Central Tendency, Arithmetic Mean, Median, Mode, Harmonic, Geometric Mean

Measures of Central Tendency or averages of first order such as Arithmetic Mean, Median, Mode, Harmonic Mean & Geometric Mean. Measures of central tendency calculate the most central value of the data. To know the central value within the distribution of data, there are three methods to calculate it arithmetic mean, median and mode. Besides this, there are two other average Geometric mean which is used for geometric calculations such as index numbers, and Harmonic Mean which is used for rates and ratio purposes used by financial institutions.

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Chapter 8: How to calculate Net Present Value and Other Investment Criteria/Capital Budgeting Techniques

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Capital Budgeting Techniques Net Present Value

In this post, I am going to teach you that what are capital budgeting techniques, how net present value, profitability index, payback period, internal rate of return can be calculated & how all these put impact on investment criteria.

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1.How to Define Economic Problem, need, want, scarcity, Opportunity Cost, Specialization & Division of Labor, Business Activity & Added Value?

Leave a Comment / O Level Business / /

In this post, I am going to teach you the topic of IGCSE/O Level Business Activity and will understand that what is the difference between need & want?

How difference of unlimited wants and scarce resources create imbalance that causes economic problem? How to define economic problem.

How can we define scarcity & opportunity cost?

What is specialization & division of labor & finally business activity & added value?

1.How to Define Economic Problem, need, want, scarcity, Opportunity Cost, Specialization & Division of Labor, Business Activity & Added Value? Read More »

Understanding the Psychology of Forex Trading: How Your Mindset Impacts Your Success?

Leave a Comment / Financial Management / /

In this post, I am going to tell you that how fruitful forex exchanging requires discipline, information, and the advancement of beneficial routines. I am sure, if you adopt these parameters, there is a light of hope that you will get success in forex trading environment of business. Here are the absolute best propensities for forex traders:

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Cambridge IGCSE/O LEVEL Topic: 2 Sources and recording of data, Double Entry Book-keeping

Leave a Comment / O Level Accounting / /

Double Entry Book-keeping is a method to record business transaction in which two aspects of transaction are recorded. These two aspects are receiving and giving. These two aspects are also called debit and credit & in all types of journals both sides must be equal. In each transaction at-least two accounts are used. In our course we shall directly record transactions into ledgers. Here rules for debit and credit are important to understand.

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Cambridge IGCSE/O Level Accounting: Topic 1: Fundamentals of Accounting & The Accounting Equation

1 Comment / O Level Accounting / /
Cambridge IGCSE/O Level Accounting: Topic 1: Fundamentals of Accounting & The Accounting Equation

Accounting is the language of business. Business is a profit motive activity which must be expressed in monetary terms. These monetary dealings must be recorded in the form of business transactions. Business monetary information must go through the five steps:

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1. Introduction to Statistics Basic Important Concepts

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1. Introduction to Statistics Basic Important Concepts

Statistics is a branch of applied mathematics.

It deals with data e.g. collection of data, organization of the data, interpretation or analysis of the data and presentation of the data.

Mainly it deals with quantitative analysis of the data and rarely touches qualitative aspect of the data.

It is the science of getting average and probability but overall field of statistical analysis is so vast.

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