Category: Second Semester

Source Documents: A piece of paper that is used as evidence to record a transactions.A source document, often called business paper, is the document produced with each business event and used to record every business transaction. In other words, it’s a physical or electronic document that lists the details of a transaction and is used […]
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Mr. Know-All-Four levels Literal Comprehension: When the First World War ended, the writer ‘Somerset Maugham ‘ decided to go to Japan from America by ship. It was very difficult to get a good seat in the ship. But he managed to get in cabin seat in the ship. His cabin partner , max Kelada , […]
Accounting Equation,Financial Accounting I,BBA first semester,BBA-BI second semester Accounting Equation: The accounting equation displays that all assets are either financed by borrowing money or paying with the money of the company’s shareholders. Thus, the accounting equation is: Assets = Liabilities +Shareholder Equity. The balance sheet is a complex display of this equation, showing that the […]
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Third Thoughts Literal Comprehension: This story “Third Thoughts” is written by E.V Lucas. The narrator’s friend was not a successful businessman.  Once the writer’s friend while visiting New York bought a painting thinking that it was by Turner. He got it at cheap price since the seller was also confused about its originality. With the painting […]
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