Ali Iftikhar

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

Leave a Comment / OLevel 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 / OLevel 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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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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