GIFT UNIVERSITY

(Chartered by the Govt. of the Punjab, Recognized by HEC)

Assessment Disclosure

Assignments
SAC-F-01

Assignment One

Dead line for the submission of first assignment as on Friday 12th April 2013 at 4:00pm
sharp. All the stuff can be submit at my office F10 in to my absence Mr. Anjum or Mr. Haroon
(office staff).
All the material must be hand written.
The given task helps you to acquire excellent grades into quizzes, mid and final as well. 100%
Guarantee!
The following list of question require to accomplish the first task from course pack of financial
accounting l;

1. Theoretical question:- Definition of book keeping and some important terms, object of book
keeping, double entry book keeping, advantage and disadvantage of double entry system,
single entry vs double entry, advantages of single entry system, meaning of accounting,
branches of accounting, functions of accounting, parties interested in accounting information,
systems of accounting, essentials features of accounting principles, classification of accounting
principles, accounting concepts, accounting conventions, accounting equation (transaction 1-8),
problems (1-5), illustration 3.2, setting up a brand new business (transaction 1-12), illustration
2-4, A comprehensive illustration to understand the rules: transaction 1-11+analysis.
Note:Apparently, the course pack brings it up from different authors practice material therefore please,
patiently looks at your course material to find all the above relevant pages numbers accordingly and
also particular practice material.