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Leverage notes: Operating leverage, Financial leverage, Composite or combined leverage. QUESTION: Differentiate between Financial risk and Business Risk? Answer: BUSINESS RISK: Business risk is also known as operating risk. It implies uncertainty in profits or danger of loss leading to shut down of that business. These risks may arise due to future uncertainties. Example: FINANCIAL…
Sources of finance notes: Long term sources, short term sources, innovative sources of finance, commercial papers etc. QUESTION: What is commercial paper? How is it different from debenture? Discuss the regulations applicable to commercial papers? ANSWER: COMMERCIAL PAPER Commercial paper represents unsecured promisor notes issued by the firms to raise the short-term funds. The maturity…
KINDS OF COMPANIES IN COMPANY LAW : Statutory companies, chartered companies, registered company, foreign companies, investment companies, one person company, public company, private company etc. QUESTION: Define a private company and state the special privileges which it enjoys under the Companies Act, 2013? ANSWER: PRIVATE COMPANY A private company is a firm held under private…
COMPANY AND ITS FEATURES NOTES: Characteristics of Company, Lifting up of corporate veil Question: Define a company and explain its special characteristics? Company is an artificial person created by the law for some common purpose where the capital is divisible into parts known as shares with perpetual succession and common seal. ACCORDING TO PROF. HANEY “A…
MEASURES OF CENTRAL TENDENCY BCOM 1ST YEAR: Median, Mean and Mode. Features of Good Average. All previous year questions. Question: What do you mean by Arithmetic Mean? Differentiate between Simple and Weighted Arithmetic Mean. When is the usage of median is considered more appropriate than mean? Answer: ARITHMETIC MEAN: Arithmetic Mean or the mean is…
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BUSINESS STATISTICS NOTES BCOM 1ST YEAR: Meaning and definition of statistics, scope of statistics, importance of statistics in business and trade, limitations and distrust of statistics, advantages of statistics. statistics in plural and singular sense. QUESTION: Define Statistics. Discuss the scope of statistics in business. Statistics are numerical statement of facts capable of analysis and…
BRANCH ACCOUNTING NOTES FOR BCOM: Methods of branch accounting; different types of branches; incorporation of branch trial balance QUESTION: What is meant by Incorporation of Branch Trial Balance? What are the various entries for incorporation of Branch Trial Balance in the books of Head Office? OR QUESTION: Explain the ways of incorporating Trial Balance of…
DEPARTMENTAL ACCOUNTS BCOM 1ST YEAR : Departmental accounting, meaning, features, objectives, advantages, allocation of expenses. QUESTION: What do you mean by departmental accounts? Explain its objectives. Briefly discuss the methods of departmental accounts. DEPARTMENTAL ACCOUNTING: Departmental Accounting refers to maintaining accounts for one or more departments of the company. Revenues and expenses of the department…
Consignment Accounts notes on meaning and features of consignment accounts, treatment of normal and abnormal loss and valuation of stock on consignment? QUESTION: What do you mean by Consignment? What are its salient features? CONSIGNMENT: Consignment is a specialized kind of transaction which involves the two parties i.e. Consignor and Consignee. In this the consignor…
Joint Venture notes on different methods of recording transactions relating to joint venture; difference between consignment and joint venture; difference between joint venture and partnership. QUESTION: Explain different methods of recording transactions relating to Joint Venture? JOINT VENTURE: The Joint venture may be defined as temporary partnership between two or more persons without the use of firm’s…
