Book – keeping is the systematic recording of daily transactions (cash and credit) in the appropriate book. It is the art of keeping proper accounting records of business transactions. … Read More »INTRODUCTION TO BOOK – KEEPING
Meaning of chemicals – Chemicals are the distinct compound or substances which are prepared or purified artificially by means of different chemical reactions. E.g. baking soda, flavours of juice, medicine,… Read More »NEED FOR MONITORING AND CONTROL OF CHEMICALS
Who is a consumer? A consumer is defined as an individual who buys good for his personal use. He/she buys goods and services and uses for his satisfaction. Meaning of… Read More »CONSUMER AND SOCIETY
This is a business organisation which has been in corporation. It is an association of individuals who agreed to jointly put their resources together for the purpose of having a… Read More »LIMITED LIABILITY COMPANY
Public corporation is a business organization set up, financed and managed by government not necessarily to make profit but to provide essential services for the members of the public. FEATURES… Read More »PUBLIC CORPORATION
SOLE PROPRIETORSHIP Sole trade is the oldest of the forms of business organisation. It is a form of business which is owned, engaged and controlled by one person for the… Read More »SOLE TRADE
Entrepreneurship is important. It benefits the locality by creating jobs for people and leads to a better standard of living. Importance / Advantages of Entrepreneurship Entrepreneurship helps in identifying and… Read More »IMPORTANCE OF ENTREPRENEURSHIP
Entrepreneurship is a self-employed person who puts together all the factors of production to start a new venture. In other words, entrepreneur is a person who organises and manages a commercial undertakings or business undertaking.
There are four factors of production namely:
(1) Land : rent
(2) Labour: wages or salary
(3) Capital: Interest
(4) Entrepreneur: Profit
Production is the transformation/changing or conversion of raw materials into finished goods. It is the changing of natural resources or raw materials into finished goods, exchange and distributed in order… Read More »PRODUCTION
The success of any secretarial personnel is strongly dependent on the effective application of some of the basic typing techniques. The techniques that must be mastered in typing for expedient… Read More »DEVELOPMENT IN KEYBOARDING
Manuscripts are handwritten scripts or document. Manuscripts may contain correction additions, alterations and abbreviations etc. Proof correction signs Symbol Text Sign Meaning Caps/u.c Change letter business studies Capital upper case… Read More »PRINTER’S CORRECTION SIGNS
This is made up of cash column, bank column and discount column on both sides of the cash book. CASH DISCOUNT: This is an allowance received or reduction made when… Read More »THREE COLUMN CASH BOOK
This is a cash book that takes care of both cash and bank. It is called double column cash book because it has cash and book column on both debit… Read More »DOUBLE COLUMN CASH BOOK
Cash book is a book of accounting or ledger account used for recording cash receipt and payments of money. It is used to record all cash received and paid out… Read More »CASH BOOK
A petty cash book is a cash book used for recording small or minor expenses of the business. Petty means small, the minor expenses may include postage stamp, carriage, telegram,… Read More »PETTY CASH BOOK
Ledger is a principal book in which transaction are recorded in a summarize form. It is final destination of all transactions in the subsidiary book
Corruption is everywhere, it is a universal problem and everybody wants to eradicate it. The concept of TAP came about because of this reason. T – Transparency. A – Accountability… Read More »BOOK – KEEPING ETHICS
Meaning of Needs and Wants Needs refer to things we cannot do without. There are things we need to satisfy our basic requirement such as food, shelter, cloth. Wants are… Read More »SHOPPING TIPS
Consumerism – Is the actions of individuals and government is responsible to consumer dissatisfaction in exchange relation. In other words, consumerism is a protest of consumers against unfair business practices… Read More »CONSUMER RIGHT