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Author: commerceiets

SCOPE OF STATISTICS

Posted on September 20, 2019 By commerceiets No Comments on SCOPE OF STATISTICS
SCOPE OF STATISTICS

SCOPE OF STATISTICS Statistics are numerical statement of facts capable of analysis and interpretation as well as study of the methods used in collection, organization, presentation, analysis and interpretation of numerical data. It is often said that “Statisticians is what Statisticians do”. This explains the scope of statistics as very wide and extends extensively to…

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BUSINESS STATISTICS

BALANCE SHEET

Posted on September 20, 2019March 25, 2025 By commerceiets
BALANCE SHEET

MEANING Balance Sheet is also known as Position Statement. It is a summary of all the assets and the liabilities of the business concern prepared at the end of the year. It is a part of final accounts. All the nominal accounts i.e. Trading Account and Profit and Loss Account are closed by transferring to…

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FINANCIAL ACCOUNTING, 11 ACCOUNTANCY

FUNCTIONS OF STATISTICS

Posted on September 19, 2019 By commerceiets No Comments on FUNCTIONS OF STATISTICS
FUNCTIONS OF STATISTICS

FUNCTIONS OF STATISTICS Statistics are numerical statement of facts capable of analysis and interpretation as well as study of the methods used in collection, organization, presentation, analysis and interpretation of numerical data. ACCORDING TO ROBERT W BURGESS “The fundamental gospel of statistics is to push back the domain of ignorance, prejudice, rule of thumb, arbitrary…

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BUSINESS STATISTICS

SLIP SYSTEM OF POSTING

Posted on September 18, 2019 By commerceiets No Comments on SLIP SYSTEM OF POSTING
SLIP SYSTEM OF POSTING

MEANING Slip System of Posting refers to the method in which the transaction is entered into the books of accounts on the debit or credit side as per the nature of the transaction. It is adopted by the banking companies to keep a record of the deposits made and withdrawals made by the customers out…

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CORPORATE ACCOUNTING

STATISTICS IN ECONOMICS

Posted on September 18, 2019 By commerceiets No Comments on STATISTICS IN ECONOMICS
STATISTICS IN ECONOMICS

STATISTICS IN ECONOMICS Statistics are numerical statement of facts capable of analysis and interpretation as well as study of the methods used in collection, organization, presentation, analysis and interpretation of numerical data. Statistics word has been derived from Latin word ‘Status’ Italian word ‘Statista’ German word ‘Statistik’ French word ‘Statistique’. GOTT FREID ACHENWALL is known…

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BUSINESS STATISTICS

PROFIT AND LOSS ACCOUNT

Posted on September 17, 2019 By commerceiets No Comments on PROFIT AND LOSS ACCOUNT
PROFIT AND LOSS ACCOUNT

PROFIT AND LOSS ACCOUNT Profit and Loss Account is an account prepared by the trading organizations to know about the net profit or net loss of the firm. This account records all the incomes on credit side and expenses on debit side of a particular year. This account is prepared at the end of the…

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11 ACCOUNTANCY, FINANCIAL ACCOUNTING

TRADING ACCOUNT

Posted on September 16, 2019 By commerceiets
TRADING ACCOUNT

TRADING ACCOUNT Trading Account is one of the financial statements prepared by the trading firms at the end of the year. These are prepared to find out the gross profit or gross loss accruing to the firm. This account records all the amounts related to the goods purchased and sold. It helps in providing all the material…

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11 ACCOUNTANCY, FINANCIAL ACCOUNTING

ASSESSEE

Posted on September 15, 2019 By commerceiets
ASSESSEE

ASSESSEE It is the term which is defined in the Section 2 (7) of the Income Tax Act, 1961.Assessee means a person by whom any tax or any other sum of money is payable to the income tax authorities under the Income Tax Act 1961 and includes: • Every person in respect of whom any…

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DIRECT TAX LAWS

SCOPE OF MANAGERIAL ECONOMICS

Posted on August 18, 2019 By commerceiets No Comments on SCOPE OF MANAGERIAL ECONOMICS
SCOPE OF MANAGERIAL ECONOMICS

In this post you will study scope of managerial economics. Study and make the proper notes grabbing full understanding of this topic. SCOPE OF MANAGERIAL ECONOMICS Scope of a discipline refers to the various concepts, laws and theories which are studied in that subject. The scope of managerial economics includes various concepts, laws, theories and…

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MANAGERIAL ECONOMICS, MICRO ECONOMICS

CHARACTERISTICS OF MANAGERIAL ECONOMICS

Posted on August 14, 2019 By commerceiets No Comments on CHARACTERISTICS OF MANAGERIAL ECONOMICS
CHARACTERISTICS OF MANAGERIAL ECONOMICS

CHARACTERISTICS OF MANAGERIAL ECONOMICS Managerial Economics refers to that branch of economics which is related with the application of various laws, theories and methods of economics to the business decision-making by the business manager. The following are the Characteristics of Managerial Economics: CHARACTERISTICS OF MANAGERIAL ECONOMICS MICRO IN NATURE Managerial Economics is mainly micro in…

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MANAGERIAL ECONOMICS, MICRO ECONOMICS

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