Aiou Solved Assignment 1 Code 311 Book Keeping

Posted by

Aiou Solved Assignment 1 Code 311 Book Keeping is now being uploading. This aiou assignment is for Book Keeping and accountancy code 311. This course code 311 is offered to F A and I. Com students of Open University. This assignment describes the some major terms of accounting like Direct Expenses, Revenue, Trade Debtors, Assets and purchase etc. in detail along with other accounting topics

AIOU SOLVED ASSIGNMENT 1 CODE 311 BOOK KEEPING AUTUMN 2016

DIRECT EXPENSES
Expenses connected with purchased of goods are known as direct expenses. For example freight, insurance of goods in transit, carriage, wages, custom duty, import duty, Octroi duty etc. Without incurring these expenses, it is not possible to bring the goods from the purchase point to the godown of the business. Such expenses are collectively known as direct expenses.

REVENUE
Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. It is the “Top Line” or gross income” figure from which costs are subtracted to determine net income. Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amount sold.

AIOU SOLVED ASSIGNMENT 1 CODE 311 BOOK KEEPING AND ACCOUNTANCY AUTUMN 2016

TRADE DEBTORS.
A trade debtor is a customer who hasn’t yet paid you for your goods or services. The amount that goes on your business’s balance sheet for trade debtors is the sum of all its unpaid invoices as at that point in time.

ASSETS
An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit. Assets are reported on a company’s balance sheet, and they are bought or created to increase the value of a firm or benefit the firm’s operations. An asset can be thought of as something that in the future can generate cash flow, reduce expenses, improve sales, regardless of whether it’s a company’s manufacturing equipment or a patent on a particular technology.

FOR:- AIOU SOLVED ASSIGNMENT 2 CODE 311 AUTUMN 2016 “CLICK HERE”
FOR:- AIOU SOLVED ASSIGNMENT 3 CODE 311 AUTUMN 2016 “CLICK HERE”
FOR:- AIOU SOLVED ASSIGNMENT 4 CODE 311 AUTUMN 2016 “CLICK HERE”

PURCHASE
A temporary account used in the periodic inventory system to record the purchases of merchandise for resale. (Purchases of equipment or supplied are not recorded in the purchases account). This account reports the gross amount of purchases of merchandise. Net purchases is the amount of purchases minus purchases return, purchases allowance, and purchases discounts.

AIOU SOLVED ASSIGNMENT 1 CODE 311 AUTUMN 2016

Leave a Reply

Your email address will not be published. Required fields are marked *

*

WA Tweaks 2018 2017 | double dual og whatsapp 2018 2017 | GSM Aladdin 2017 2018 | Whatsapp plus 2018 2017