MGT605 FINAL TERM PAST PAPER
Various Types of Business Entities Business Organizations (Profit Oriented) o Sole owner o Partnership o Limited organizations Non-Commercial Organizations (Non-Profit Oriented) o NGO’s (Non-government Organizations) o Trusts o Societies
The Basic Concept of Record Keeping We can keep a journal of exchanges and note the everyday exchanges like deal, buy and so on in it. Issues Faced in Maintaining Diary of Transactions.
How might we come to know the pay and costs from different sources? We just have a sheet/page on which day to day exchanges are recorded. We don’t know which item is selling better and which isn’t. Journal of TransactionsExchanges of Jan 20- – P a r t I c u l a r s Rs. Sold 5 nos. of Item A 1,000 Bought 10 nos. of Item B (15,000) Sold 1 no.
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C 2,000 Power bill paid (1,500) Sold 1 no. of Item A 500 2 nos. of Item B 4,000Sold 5 nos. of Item A 1,000 Bought 10 nos. of Item B (15,000) Sold 1 no. of Item C 2,000. MGT605 FINAL TERM PAST PAPER
Phone bill paid (1,000) Compensation paid (1,500) Accessible Alternate One can go through every one of the exchanges toward the month’s end and note various kinds of exchangeson various pages. So that each page gives total detail for an alternate kind of exchange like deals of various items and costs of various sorts. MGT605 FINAL TERM PAST PAPER
Presently attempt to go through these exchanges and separate exchanges of various sorts. In any case, imagine a scenario where the quantity of exchanges is enormous.M Is it truly conceivable to go through hundreds or thousands of exchanges at the month end and dissectthem to get required outcomes. Money and Credit Transactions.
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