MGT602 FINAL TERM PAST PAPER BY GETCAREERALERT

MGT602 FINAL TERM PAST PAPER

An individual making or delivering anything should not just expertise much it expenses to make yet in addition to help in deciding the selling cost. It is vital that the individual not just knows the expense of what is being delivered yet in addition the expense of every part which has gone into creation. The control of the expenses being caused is likewise vital any other way the equivalent can surpass the evaluations.

This is just conceivable if the expenses and information connecting with creation is appropriately recorded and investigated. It is an activity that in particular completes by the Accountant. Effect of IT on Accounting The old “Munshi,” who kept record of the monetary dealings was the first bookkeeper. However, he is currently of no utilization, as he misses the mark on capacity for dissecting the data recorded and guaging mone tarydata.

Monetary Accounting – I – MGT101 VU © Copyright Virtual University of Pakistan 2 Truth be told, there is no requirement for any master recorded as a hard copy of books. Data Technology has dominated.

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However somebody needs to tell the Software designer how books are composed? The requirement for a knowledgeable in the Accountant specialty of reviewing books actually remains. The job has changed. Data Technology programming can now deliver the reports and investigation however need the master to decipher the entirety of this remaining parts.MGT602 FINAL TERM PAST PAPER

The requirement for the expert to portray this has not yet been overwhelmed by Information Technology. Bargain Trading and Barter Transactions

Exchanging one item or administration for another ware or administration is called ‘Bargain exchanging’. Or then again Each exchange where merchandise are traded for products is known as a ‘Deal Transaction’.MGT602 FINAL TERM PAST PAPER

Since each individual can’t deliver all that he wants. Thusly, he wants to give/sell what he  to get/purchase what he needs? In early days when ‘cash’ was not presented, individuals used to trade products for merchandise. This sort of

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