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
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
In this post, Consignment Account, Consignor, Consignee, their relation of Principal and agent, commission, del-credere commission, overriding commission, their journal entries with practical examples is discussed in detail.
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).
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
1.1 Principles of Accounting, Journal, Ledger, Trial Balance Read More »
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.
1. Measures of Central Tendency, Arithmetic Mean, Median, Mode, Harmonic, Geometric Mean Read More »
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.
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?
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:
Understanding the Psychology of Forex Trading: How Your Mindset Impacts Your Success? Read More »
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.
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:
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.
1. Introduction to Statistics Basic Important Concepts Read More »
In this post, we are going to discuss correlation coefficient, types, properties, importance and important formulas for Correlation Coefficient and also cover correlation coefficient with theoretical perspective.
