Wednesday, 17 September 2014

Accounting class 2

Today was about ALOE.

Asset = Liabilities + Owner's equity - Expenses

Groups were formed. The group exercise was to start a business. Think of the initial necessity in starting up a business. Ours was a gym.

Luckily (tho I never told anyone), my previous work revolved around opening new outlets. So, it helps.

By the end of the exercise, we got to understand the ALOE.

Nice one, prof R!

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