STUDY TO ENLIGHTEN YOURSELF
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…
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…
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…
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…
MANAGERIAL ECONOMICS Managerial Economics refers to that branch of economic which is related with the application of various laws, theories and methods of economic to the business decision-making by the business manager. DEFINITIONS OF MANAGERIAL ECONOMICS ACCORDING TO JOEL DEAN “The purpose of Managerial Economic is to show how economic analysis can be used in…
EQUITY SHARES Equity Shares are those shares which are paid dividends only when profits are left after the preference shareholders have been paid fixed rate of dividends. In other words, there will be no fixed rate of dividend on the equity shares. Equity shareholders have voting rights and control of the affairs of the company….
DIFFERENT TYPES OF PREFERENCE SHARES PREFERENCE SHARES Preference shares are those which carry the following two preferential rights: They have a right to receive dividend at a fixed rate before any dividend is paid on the equity shares. When the company is wound up, they have a right to the return of capital before that…
The brief description of Capital Reserve and Reserve Capital is as follows: RESERVE CAPITAL It is a part of the subscribed capital remaining uncalled that a company resolves, by a Special Resolution, not to call except in the event of winding up of the company. Where a company has passed a resolution for Reserves Capital,…
The description of stock and shares is as follows: SHARE The total capital of the company is divided into units of small denominations. Each such unit is called ‘share.’ Shares are numbered so that they can be identified. EXAMPLE If the total capital of the company is ₹10,00,000 divided into 1,00,000 units of ₹10 each,…
MEANING Sweat Equity Shares are the shares issued by the company to its employees or directors at a discount or for consideration other than cash. These shares are issued as a reward to the directors and shareholders. ACCORDING TO COMPANIES ACT 2013 “Sweat equity shares” means such equity shares, which are issued by a Company…