CONTENT : 1. Meaning of Receipts and Payments Account. 2. Features of Receipts and Payments Account. 3. Advantages and Disadvantages of Receipts and Payments Account. 4. Limitations of Receipts and Payments Account. 5. Specimen of Receipts and Payments Account. What is Receipts and Payments Account ? Meaning : The day to day transactions of a ‘ … Read more
What is Embezzlement ? Embezzlement is a form of white-collar crime where an individual entrusted with someone else’s money or property misappropriates it for their own use. This can occur in various settings, such as within a company, nonprofit organization, or government agency. The perpetrator typically gains access to funds through their position of trust, … Read more
Have you ever walked into a business and wondered about the things they own that keep them running? From the gleaming machinery in a factory to the computers in your local library, these are all examples of fixed assets. But what exactly are fixed assets, and why are they so crucial for businesses? What Are … Read more
Contents – Introduction, Necessity, Meaning, Definition, Features of Bill of Exchange. Draft / Format of Bills, Parties to the Bill of Exchange, Acceptance of Bill, Terms of Bill, Days of Grace, Date of Maturity, Due Date, Type of Bill of Exchange. Honorable of Bill, Dishonour of Bill, Noting and Protesting of Bill, Notary Public and … Read more
CONTENT : 1. Meaning if Income and Expenditure Account. 2. Features of Income and Expenditure Account. 3. Specimen of Income and Expenditure Account. 4. Distinction between Receipts and Payments Account and Income and Expenditure Account. WHAT IS INCOME AND EXPENDITURE ACCOUNT ? MEANING : Income and expenditure account is a summary of revenue income and revenue … Read more
Contents – 1) Meaning and Definition of Goodwill. 2) Necessity of valuation of Goodwill. 3) Methods of valuation of Goodwill. WHAT IS THE MEANING OF GOODWILL ? Meaning of Goodwill – It is often found that a business firm is in a position to earn more profit as compared to another firm dealing in the … Read more
Content : Introduction and necessity of preparation of final accounts. Provision in partnership deed and Indian Partnership Act 1932 relating to distribution of profit, interest ob capital and drawings, interest on partners loan, salary or commission to partner. Learning objectives : Understand the meaning of final accounts. Know the importance of final accounts. Understand meaning and … Read more
What is Business Responsibility Report ? The Securities and Exchange Board of India (SEBI) decided to mandate listed entities to submit business responsibility reports, as a part of their annual reports, describing measures taken by them along the key principles enunciated in the ‘National voluntary guidelines on social, environmental and economic responsibilities of business,’ framed by … Read more
What is meant by Local Self Government ? India is one of the largest democratic countries in the world. According to 2001 census report the population of India was 102.70 crores. The area of our country is about 32, 92,054. If compare the area to other country, India stands on seventh position regarding area. The … Read more
Contents : Meaning of Audit Committee . Constitution of Audit Committee. Powers to Audit Committee. What is Audit Committee ? Formation of audit committee for listed companies is part of recommendations made by committee on ‘Corporate Governance’ to suggest measures to promote and raise the standard of Corporate Governance’. The SEBI considered the recommendations and … Read more