Thank you for creating this blog to help us understand accounting theories. Really appreciate it. Lots of information here :)
Anyway, i have a question. If we are ought to explain the stages of accounting in exam, do we have to relate the facts with the current condition now? For example, in your entry, you relate the East India Trading Company as the 'MNC' for nowadays...
Hi Diyana, sorry for the (extremely) late reply. Ok, here's the thing, you should relate the stages to the relevant example from that period of time. If you are talking about MNCs in the late 1800s then the East India Trading Company would be the relevant example. If however you are talking about nowadays, MNCs can be Toyota, McDonalds, GAP etc..
Its always good to try and simplify points into things that your reader can understand and relate to. Like saying East India Trading Co. was the MNS of its time or saying Double Entry is the bread and butter of accounting. These kinds of things make your essay more interesting and will score you more points ++!
Dear Mr Sam,
ReplyDeleteThank you for creating this blog to help us understand accounting theories. Really appreciate it. Lots of information here :)
Anyway, i have a question. If we are ought to explain the stages of accounting in exam, do we have to relate the facts with the current condition now? For example, in your entry, you relate the East India Trading Company as the 'MNC' for nowadays...
Thank You
Diyana
Hi Diyana, sorry for the (extremely) late reply. Ok, here's the thing, you should relate the stages to the relevant example from that period of time. If you are talking about MNCs in the late 1800s then the East India Trading Company would be the relevant example. If however you are talking about nowadays, MNCs can be Toyota, McDonalds, GAP etc..
ReplyDeleteIts always good to try and simplify points into things that your reader can understand and relate to. Like saying East India Trading Co. was the MNS of its time or saying Double Entry is the bread and butter of accounting. These kinds of things make your essay more interesting and will score you more points ++!