In this section you will learn about the following types of information sources:

The discrete memoryless source (DMS) has the property that its output at a certain time does not depend on its output at any earlier time. Memoryless sources are, trivially, always ergodic; a source with memory is ergodic only if it is modeled by an ergodic Markov chain.

An Information Source is a source of information for somebody, i.e. anything that might informs a person about something on provide knowledge to somebody. Information sources may be observations, people speeches, documents, pictures, organizations etc.

• Books.
• Encyclopedias.
• Magazines.
• Databases.
• Newspapers.
• Library Catalog.
• Internet.

The term scholarly typically means that the source has been “peer-reviewed,” which is a lengthy editing and review process performed by scholars in the field to check for quality and validity. To determine if your source has been peer-reviewed, you can investigate the journal in which the article was published.

The article is most likely scholarly if:

1. The source is longer than 10 pages.
2. Has a works cited or bibliography.
3. It does not attempt to persuade or bias the reader.
4. It attempts to persuade or bias the reader, but treats the topic objectively, the information is well-supported, and it includes a works cited or bibliography.

Characteristics of Scholarly Articles and Journals

• Often have a formal appearance with tables, graphs, and diagrams.
• Always have an abstract or summary paragraph above the text; may have sections decribing methodology.
• Articles are written by an authority or expert in the field.

Page Content. A scholarly journal is a periodical that contains articles written by experts in a particular field of study. The articles are intended to be read by other experts or students of the field and are usually much more sophisticated and advanced than the articles found in popular magazines.

What Is a Popular Source? A popular source: Is a publication, such as a newspaper or magazine that you could buy in a grocery store. Is often illustrated with colorful pictures and advertisements. Is many times written by journalists or professional writers for a general audience.

Elements which affect the quality of journals

• Reputation – of the journal and the publisher.
• Scope and focus of the journal.
• Turnaround time / publication lag.
• Included in prominent indexes.
• Longevity.
• Editorial standards / Journal information.
• Acceptance rate.
• Cost.

Eight Suggestions for New Journal Writers

1. Protect your privacy.
2. Start with an entrance meditation.
3. Date every entry.
4. Keep (and re-read) what you write.
5. Write quickly.
6. Start writing; keep writing.
7. Tell yourself the truth.
8. Write naturally.

Solved Example on Steps of Article Writing

1. Write very lengthy articles.
2. Add the writer’s name.
3. The title should be lengthy and clear.
4. The heading of the article should be short, clear and informative.
5. Only the introduction and the conclusion should be attractive and attention seeking.
6. Target the audience.

There are two types of the journal:

• General Journal: General Journal is one in which a small business entity records all the day to day business transactions.
• Special Journal: In the case of big business houses, the journal is classified into different books called as special journals.

The main objective of accounting is to keep a systematic record of financial transactions which helps the users to understand the day to day transactions in a systematic manner so as to gain knowledge about overall business.

Solution. A journal is a book prepared to classify or sort out transactions in a form convenient for their subsequent entry in the ledger.

Personal account represents accounts relating to individual human beings. the artificial person or accounts of certain person or group of persons in business dealing. Artificial persons mean accounts of organisations, associations, etc. which are created by law.

Narration is a short explanation of every transaction, captured under each journal entry. These are shown below the journal entry of the respective transaction. Was this answer helpful?

Goodwill is an intangible asset that is associated with the purchase of one company by another. Specifically, goodwill is the portion of the purchase price that is higher than the sum of the net fair value of all of the assets purchased in the acquisition and the liabilities assumed in the process.

Goodwill arises when a company acquires another entire business. The amount of goodwill is the cost to purchase the business minus the fair market value of the tangible assets, the intangible assets that can be identified, and the liabilities obtained in the purchase.