ECONS 101

FACTORS OF PRODUCTION Hey Guyz, Happy Friday to you. Congratulations for being selected to be in the Land of the Living today. Hope this day brings you Joy unspeakable in all areas of your life. Let’s get started. Factors of Production refer to Agents, Components or resources which are combined together to produce goods and services. There are four factors of production namely: a.     Land                                                                                     ...

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FINANCIAL ACC 101

PRINCIPAL OF DOUBLE ENTRY- SINGLE COLUMN Hey Guys, Happy Friday!!! Hope you enjoyed the week so far? So let’s get started. LEDGER is the final destination of all transactions in the subsidiary books (that is the sales day book, purchases day book etc). It is the most important book of account because it is the book that contains permanent records of all Transactions in a summarized and classified form. Transactions are recorded here, using the Double Entry System of Book keeping. RULES OF DOUBLE ENTRIES: 1.     For Every...

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