What is the primary source of data for traditional data mining? Remember . CO1 Name two types of data repositories commonly used in data mining. Understand This would require the learner to identify and categorize three major cloud service attributes. CO1 Define transactional data in the context of data mining. Remember This would require the learner to grasp the significance of virtualization in enabling cloud computing. CO1 Give an example of non-traditional data that can be mined for insights. Remember . CO1 Explain the difference between database data and data warehouses in the context of data mining. This would require the learner to differentiate between cloud hosting and traditional hosting approaches. CO1 What challenges arise due to the diversity of database types in data mining? This would require the learner to recognize the role of information technology support in cloud services. CO1 How does user interaction play a role in the data mining process? CO1 Why is efficiency important in data mining, and how is it measured? This would require the learner to describe the practical implications of "Rapid Elasticity" in cloud computing. CO1 Propose an efficient data mining methodology for a large-scale dataset. This would require the learner to comprehend the "Pay per use" model in the context of cloud services. CO1 Apply the concept of scalability to a specific data mining scenario. CO1 Suggest strategies for handling diverse database types in a data mining project. CO1 Utilize a scenario to describe how transactional data can be leveraged for data mining. CO1 Compare and contrast the strengths and weaknesses of database data and data warehouses for data mining. This would require the learner to analyze how cloud computing has influenced the evolution of the internet. CO1 Evaluate the impact of user interaction on the success of a data mining project. This would require the learner to explain the interrelationship between hardware advancements and cloud computing. CO1 Assess the efficiency and scalability issues in a given data mining case study. This would require the learner to understand how virtualization contributes to resource optimization in the cloud. CO1 Analyze how the diversity of database types can affect the outcomes of a data mining project. This would require the learner to identify the main advantages of cloud hosting for businesses. CO1 Critique a data mining methodology based on its effectiveness in uncovering valuable patterns. This would require the learner to explain how cloud computing offers scalability to users. CO1 Evaluate the ethical considerations of data mining in society. This would require the learner to elaborate on the concept of "Independent Resource Pooling" in cloud computing. CO1 Assess the user-friendliness of a data mining tool in terms of user interaction. This woulud computing. rner to assess the changes in traditional IT support caused by cloud computing. CO1 Evaluate the socie

1. Trading and Profit and Loss Account
Trading and Profit and Loss Account
A trading account can be called an investment account which contains securities and cash. Generally, a trading
account refers to a trader’s main account. The investors tend to buy and sell the assets frequently, thus their accounts
are subject to special regulation for this. The assets which are held in a trading account are separated from others
which may be part of a long-term buy and hold strategy.
Profit and Loss Account
The profit and loss abbreviated as the P&L statement is a financial statement that summarizes the revenues, the costs,
and the expenses that are being incurred during a specified period, usually in a fiscal year. The P&L statement aligns
with the income statement, which records information about a company's ability or its inability to generate profit by
increasing the sales revenue, by reducing costs, or both. The P&L statement is also referred to as a statement of profit
and loss, income statement, statement of operations, etc.

2. Format of Trading, profit and Loss Account

3. Profit and Loss Account Format
Once a trading account is finished, the profit and loss account is readied. This final account is also known as an income
statement in some companies. It is started as soon as the gross profit or gross loss from the table made earlier is
transferred.
All indirect expenses, including salary, office and administrative expenses, rent, wages and costs on marketing and
advertising, are mentioned on the debit side.
All indirect incomes, including dividends received on shares, interests earned, profits earned on asset sales and recovered
debts go to the credit side.

4. Format of P&L Account

5. Trading vs Profit and Loss Accountant

6. Balance Sheet
Balance Sheet depicts the financial position of the firm that is confirmed at the end of the accounting year.
A balance sheet is a financial statement that reports a company's assets, liabilities, and shareholder equity.
This shows the balances of the real and the personal accounts of the business at the date of preparing the
final accounts. The debit side being the liabilities side, shows the Capital, reserves and surplus, also the
long-term and current liabilities. The credit side is known as the assets side which shows the fixed assets,
investments and the current assets of the firm. The total of both sides must be at last equal.

7. Importance of Balance sheet
•Shows the financial position of an organization during a specific time frame.
•Growth of a company can be evaluated by comparing the balance sheet of the previous years.
•Displays what an organization owns and owes.
•Potential shareholders and investors can gain insight into an entity’s liquidity position before buying shares or
investing.
•Enables shareholders and investors to check whether the company will be able to pay divined.
•Provides additional information regarding the short-term financial position of a firm. For example, subtracting the
current liabilities from the current assets will show the net working capital, which is the funds required to meet the
regular activities (rent, wages, utility bills, etc.) of a company.
•One of the features of a balance sheet is that it acts as a crucial document when applying for credit with a bank or other
types of financial institutions.

8. Balance Sheet

9. Balance Sheet Format

10. THANK YOU