Join our free CHATROOM without registration

If your RADIO isn't working please "Click" Refresh button. Play, Stop and Voice buttons are for controlling Radio.
Click APP Button to download mobile APP, Click chatroom button lashpashchatbutton for MOBILE WEB
JOIN this CHATROOM if MIBBIT Chat isn't working.

Assalam-o-Alaikum, Welcome to!! This is a clean and family chat room And you are not allowed to use bad language, no advertising, no harassment, no abusing, no racial talk and don't talk about any religion. In case of any violation of the above rules, you will be banned from the chat room. Its a humble request to all of you that this chat room is for you so consider it as your secondary home :) . In case of any complain, suggestion and feedback you can go to the contact page of website or by Clicking Here Thanks you all of you for Joining this Chat Room we wish you a Good Stay Here Thanks :)


Lash Pash Chat

Lash Pash Chat is the best online chatroom free of registration and free of cost to join. Lash Pash Chat offers free online DJ and RJ Radio shows, chatroom, mobile application, free software and best entertainment all over the world. Lash Pash Chat chatroom is Pakistani online free chatroom without registration. Lash Pash Chat have video chat room, audio chat room, Php free chat room, Flash chat room, Mibbit chat room, 99 chat room, free radio, online on air DJ shows, RJ shows, Short stories, Novels, True stories, Jokes and poetry. Chatroom for fun, friends, love and family. Lash Pash Chat rooms are the best chat rooms among all world chat rooms. you can find thousands of people in Lash Pash chat rooms, and make friends and Lash Pash chat rooms are such chat rooms where people chat in a good way share information’s and you can come to know the cultures of different people. Lash Pash chat rooms are not only for enjoyment but also for learning something from each other because in Lash Pash chat rooms you can meet with all chatter in chat room with different languages, we offer private chat and guest chat in Lash Pash chat rooms you can make decent people friends so Lash Pash chat rooms are the best easy And clean Lash Pash chat rooms of the Random world, in these Free Local chat room u can talk on different topics such as u can share information’s and news etc about country and can discuss about current issues of world. you can share Urdu Poetry with each other u can talk about movies basically chat is a creation of communication for everyone to talk online and select friends in Lash Pash chat rooms you can also talk with your family members who live far from you. Strangers Chat Rooms only in Lash Pash Chat For Chat with Strangers Such As Chat Rooms in Middle East Online Without Registration. In Lash Pash chat room there some rules and if u follow the rules you will not get disturbance there are the admin if anyone disturbs you so admin will ban him so Lash Pash Chat rooms are the best chat rooms for collecting pieces of information from each other.

Published date Dec 24, 2018

lash pash chatLash Pash Chat

Accounting Chapter 1 (BBA Semester 1)

ACCOUNTING; art of recording, classifying, summarizing and interpreting the business transactions.
TRANSACTION; exchange of money and money worth between two or more persons.
BUISNESS; any legal activity which is undertaken for earning profit. Modes of business are sole property ship, partnership, and Joint Stock Company.
 FINANCIAL ACCOUNTING; it refers to the information describing the financial resources, obligations and activities of an economic entity, or organization.
1.GOODS; things purchased for resale purposes for company profit are good. The goods when purchased are called purchases, the goods when sold are called sales.
  Both the purchases and sales are of three types;
      Goods purchased by paying cash immediately are called CASH PURCHASES. While goods sold        by receiving cash immediately are CASH SALES.
     Goods purchased by paying cash after sometime are CREDIT PURCHASES, while goods sold by receiving cash after sometime are CREDIT SALES.
     Returning back the purchased goods due to some defect is PURCHASE RETURN (RETURN OUTWARD), while receiving back the goods sold by us due to some defect is SALE RETURN (RETURN INWARDS).

 Reduction in price due to personal relations or bulky quantities is termed as discount.
 Reduction in price due to some defects or due to being used is termed as allowance.
 Discount has two categories; 1stcategory includes discount received (discount while    purchasing) and discount allowed(discount while selling)
The 2nd category includes trade discount (expressed in terms of %, on cash transactions, no accounting record), and cash discount (expressed in 2/10 n/30, on credit transactions, having accounting record.

3.      CREDITORS AND DEBTORS; all those people to whom business is payable to, are creditors, and all those who are payable to business are debtors.

4.   ASSET AND LIABILITIES; economic resources of an organization for the future profit are assets, e.g., furniture in a restaurant, fans in grocery stores etc. while any obligation of a business or any payment to be made is liability, e.g., all the creditors, electricity bills etc.

5.   EXPENSE; any cost, through which benefit has already been availed, like after using electricity bill and its payment, the electricity is expense.

6.   REVENUE; total amount earned in a business.

7.   NET INCOME/NET PROFIT; amount remained after excluding the expense.

8.   CAPITAL AND DRAWINGS; money or money worth invested in a business is capital. Amount withdrew from business for personal use by the owner is drawings.

1.      SEPARATE ENTITY CONCEPT; records should be kept for entities distinguished from the persons related to those entities.
2.      GOING CONCERN CONCEPT; it is assumed that an entity is going to operate for an indefinite period and there is no intention to liquidate the business venture in near future,
3.      MONEY MEASUREMENT CONCEPT; in financial accounting a record is made only of those information that can be expressed in monetary terms.
4.      COST CONCEPT; an asset is ordinarily recorded at the price paid to acquire it.
5.      DUAL ASPECT CONCEPT; every transaction has dual impact on accounting records. E.g., for every debit there is credit.
6.      ACCOUNTING PERIOD CONCEPT; for financial reporting purpose, the life of a business is divided into a series of short equal time periods, and after each period, income statement and balance sheet is prepared for disclosing profit or loss.
7.      MATCHING CONCEPT; in measuring net income for a period, revenue should be offset by all the expenses incurred in providing that revenue.
8.      REALISATION CONCEPT; revenue can only be recognized once the underlying goods or services associated with the revenue have been delivered or rendered respectively.


1.      CONSERVATISM; it states that anticipate for no profit but provide for all possible loses while recording business transactions.
2.      FULL DISCLOSURE; users of financial statements are informed of any facts necessary for proper interpretation of statements, in body of financial statements.
3.      CONSISTENCY; once an entity has decided on one method, it should use same method for all subsequent events for at least one period.
4.      MATERIALITY; accounts should be maintained for those things that might influence the decision of users of financial statement.

No comments:

Post a Comment