Business Law or Accounting (CLEP)

I just passed Principles of Management and now need to tackle Principles of Accounting or Intro to Business Law. Which is more difficult?

BTW: Scored 69 on the Principles of Management simply using InstaCert.

 

Both can be challenging if you have never encountered the subjects before. In accounting, if you can grasp the concept of debit and credit, you are on your way. On the other hand, business law emphasizes more on logic and memorization.

 

Re: Re: Business Law or Accounting (CLEP)

Can you be any more specific?

 

Re: Re: Re: Business Law or Accounting (CLEP)

Let me give you examples.

In accounting, let's say you want to incur a travel expense and pay for that expense. You first debit travel expense and credit payable. Then you debit payable and credit cash when you pay that expense. In other words, you need to know what to DR and CR under different scenario.

In business law, e.g., what constitutes a valid contract: offer, acceptance, and consideration. You first need to memorize the definition of these three terms. And then you use your logic to determine if a valid offer, acceptance, or consideration has taken place in a given situation.

 

For exam difficulty rating check:

http://bain4weeks.com/examdifficultytables.html

He says that accounting is significantly more difficult than Business Law.

 

Thanks Guys..