Standard "Economics and Accounts"

Standard "Economics and Accounts" AmAzInG CoNcEpTs AnD ImPoRtAnT ToPiCs ReLaTeD To ExAmS Make students conceptually strong

06/04/2017

Read all the yojnas and the demonetization topic. This time exam may be complicated like Accounts and Business studies but don't worry give more atention to the value based questions

06/04/2017

Good luck for the economics exam 👍👍

04/01/2017

Cash flow from operating activity by indirect method
Net profit after tax
+ tax
Net profit before tax
+, - Appropriations
+ Non operating expense
- Non operating income
+ Non cash expense
= Operating profit before worhing capital changes
+ Decrease in Current asset or increase in Current liability
- Increase in Current assets or Decrease in Current liability

04/01/2017

Factor income : services given
Transfer income : services not given

04/01/2017

National income refers to sum total of factor income earned by normal residents of a country in an accounting year

07/12/2016

ACCOUNTS
Chapter 4 ACCOUNTING RATIOS
Another name of Current ratio is Working capital ratio.
Important from exam point of view

07/12/2016

ACCOUNTS
Chapter 4 ACCOUNTING RATIOS
NOTE : Decrease in inventory means Opening inventory is more than the Closing inventoy

07/12/2016

Business Studies
COMMUNICATION
Communication can be defined as transmission of ideas or messages between two or more persons by different means.
Types of communication are
1. Formal communication
2. Informal communication

02/12/2016

Accounting Standard-26 'Intangible Assets'

Goodwill should be recorded in the boooks only when consideration in money has been paid for it. Thus, in case of admission, retirement, deadth of a partner or change in PSR among partners, goodwill is not raised in the books of the firm because no consideration in money paid for it.

28/11/2016

Main concept
MOTIVATION ; can be defined as inspiring and inducing the employees to perform to their best capacity. It is a psychological term it means it cannot be forced onto employees

28/11/2016

Elements of Directing are
1 Supervision
2 Motivation
3 Communication
4 Leadership

28/11/2016

Business studies love : ...
Chapter : Directing
Directing refers to instructing, inspiring,guiding and motivating the employees in the organisation

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