aiou solved assignment for code 438
Knowing of Accounting is very essential for every person; it is not only important for a business man but also for a house hold. A business cannot be get success unless you have not a proper accounting system, because proper accounting systems can only show you really picture of your business. A business man invests his huge amount in business but he does not maintain his business accounts, he may lose his all investment, so he should have accounting knowledge to save guard his investment.
Normally small businesses maintained their business in single entry system, where only one aspect of business is recorded while in medium and large businesses accounts are maintained in double entry system, where two or dual aspect of business are recorded, one aspect is debited and second aspect is credited. All accounting cycle activities are maintained for proper accounting result. Activities in accounting cycles are journal, ledger, trial balance, trading or profit and loss accounts and balance sheet. First entry is recoded in journal then this entry is posted from journal to ledger and from ledger, trial balance is prepared and then from trial balance profit and loss account is prepared, the result of profit or loss is transferred to balance sheet.
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In February 2015 you can find all four solved assignments for course code 402 and both assignment for course code 1424.