Skip to content

COMMERCEIETS

STUDY TO ENLIGHTEN YOURSELF

  • BCOM GNDU NOTES – SCORE BEST IN YOUR EXAMS!!!
  • MANAGEMENT ACCOUNTING NOTES
  • BUSINESS ORGANISATION
  • DIRECT TAX LAWS
  • INTERNATIONAL BUSINESS
  • INDUSTRIAL AND LABOUR LAWS
  • OPERATIONS RESEARCH
  • RISK MANAGEMENT AND INSURANCE
  • BUSINESS STATISTICS
  • PARTNERSHIP ACCOUNTS
  • CORPORATE ACCOUNTING
  • COMMERCIAL LAW
  • MANAGERIAL ECONOMICS
  • BUSINESS MANAGEMENT
  • 11 ACCOUNTANCY
  • GOODS AND SERVICE TAX
  • MICRO ECONOMICS
  • 12 ACCOUNTANCY
  • KEY DIFFERENCES
  • COST ACCOUNTING
  • FINANCIAL ACCOUNTING
  • FINANCIAL MANAGEMENT
  • CONSUMER BEHAVIOR
  • PARTNERSHIP ACCOUNTS
  • FINANCIAL MARKET OPERATIONS
  • CORPORATE OR COMPANY LAW
  • LANGUAGE ACROSS CURRICULUM
  • INSURANCE SERVICE MANAGEMENT
  • Toggle search form

Category: UNIVERSITY STUDENT NOTES

VOYAGE ACCOUNT NOTES – COMPLETE AND INCOMPLETE VOYAGE ACCOUNTING

Posted on July 19, 2022February 28, 2025 By commerceiets
VOYAGE ACCOUNT NOTES – COMPLETE AND INCOMPLETE VOYAGE ACCOUNTING

Voyage Account Notes on the topic of complete voyage and accounting for incomplete voyage. QUESTION: What is the meaning of Voyage Account? How is it prepared? VOYAGE ACCOUNT: Voyage Account is an account which is prepared by the shipping companies. This account is prepared to get a complete record of the profits earned and loss…

Read More “VOYAGE ACCOUNT NOTES – COMPLETE AND INCOMPLETE VOYAGE ACCOUNTING” »

UNIVERSITY STUDENT NOTES

FINAL ACCOUNTS OF SOLE TRADER

Posted on July 18, 2022 By commerceiets No Comments on FINAL ACCOUNTS OF SOLE TRADER
FINAL ACCOUNTS OF SOLE TRADER

Final Accounts of Sole trader covers the topic of Preparation of Profit and loss account and Balance sheet. QUESTION: Explain the Income statement under Sole Trader Concept. Income statement of sole trader consists the preparation of Trading account and Profit and Loss account. Income statement shows how much the sole trader has earned the profit…

Read More “FINAL ACCOUNTS OF SOLE TRADER” »

UNIVERSITY STUDENT NOTES

CAPITAL AND REVENUE NOTES

Posted on July 17, 2022 By commerceiets No Comments on CAPITAL AND REVENUE NOTES
CAPITAL AND REVENUE NOTES

CAPITAL AND REVENUE NOTES covers the topic of Difference between Capital and revenue expenditure and Difference between Capital and Revenue receipts. QUESTION: What do you understand by capital and revenue expenditure? Explain the difference between these two? OR QUESTION: “Capital expenditure is different from revenue expenditure.” Explain CAPITAL EXPENDITURE The expenditure incurred by the business…

Read More “CAPITAL AND REVENUE NOTES” »

UNIVERSITY STUDENT NOTES

ACCOUNTING CONCEPTS AND CONVENTIONS NOTES

Posted on July 17, 2022 By commerceiets No Comments on ACCOUNTING CONCEPTS AND CONVENTIONS NOTES
ACCOUNTING CONCEPTS AND CONVENTIONS NOTES

QUESTION: Discuss important Accounting Concepts? Accounting Concepts are the foundation of the accounting. These concepts are the assumptions which are generally accepted and followed while performing the recording of transactions and preparation of final accounts. The accounting concepts help in conveying the financial information in a same meaning to the various users of the accounting….

Read More “ACCOUNTING CONCEPTS AND CONVENTIONS NOTES” »

UNIVERSITY STUDENT NOTES

NATURE AND SCOPE OF FINANCIAL ACCOUNTING

Posted on July 16, 2022February 20, 2025 By commerceiets
NATURE AND SCOPE OF FINANCIAL ACCOUNTING

Question: Discuss the nature and scope of Financial Accounting? Accounting is art of recording, classifying, summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character and interpreting the results thereof. The Nature of Accounting can be defined in two ways: Quantitative Attributes of…

Read More “NATURE AND SCOPE OF FINANCIAL ACCOUNTING” »

UNIVERSITY STUDENT NOTES

CAPACITY TO CONTRACT NOTES

Posted on May 27, 2022March 25, 2025 By commerceiets
CAPACITY TO CONTRACT NOTES

CAPACITY TO CONTRACT NOTES QUESTION: Who is competent to enter into a contract? Discuss the position of minor in this regard? ANSWER: According to Section 10 of the Indian Contract Act 1872, an agreement becomes contract if it is entered into between the parties who are competent to the contract. Section 11 of the Indian…

Read More “CAPACITY TO CONTRACT NOTES” »

UNIVERSITY STUDENT NOTES

LIMITED LIABILITY PARTNERSHIP ACT 2008 NOTES

Posted on May 27, 2022February 8, 2025 By commerceiets
LIMITED LIABILITY PARTNERSHIP ACT 2008 NOTES

LIMITED LIABILITY PARTNERSHIP ACT 2008 NOTES QUESTION: Explain the salient features of LLP? ANSWER: Limited Liability Partnership enterprise has been introduced in India by enacting the Limited Liability Partnership Act, 2008. LIMITED LIABILITY PARTNERSHIP Act was notified on 31.03.2009. A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Company and…

Read More “LIMITED LIABILITY PARTNERSHIP ACT 2008 NOTES” »

UNIVERSITY STUDENT NOTES

BUDGETARY CONTROL NOTES

Posted on May 19, 2022 By commerceiets No Comments on BUDGETARY CONTROL NOTES

BUDGETARY CONTROL NOTES QUESTION: Define Budgetary Control and discuss the objectives of introducing Budgetary Control in an organisation? ANSWER: Budgetary control is the process by which budgets are prepared for the future period and are compared with the actual performance for finding out variances, if any. The comparison of budgeted figures with actual figures will help…

Read More “BUDGETARY CONTROL NOTES” »

UNIVERSITY STUDENT NOTES

CONSIDERATION CONTRACT LAW NOTES

Posted on May 16, 2022 By commerceiets No Comments on CONSIDERATION CONTRACT LAW NOTES
CONSIDERATION CONTRACT LAW NOTES

CONSIDERATION CONTRACT LAW NOTES QUESTION: ‘Consideration is a necessary element of binding contract.’ Discuss. ANSWER: It is true that ‘Consideration is a necessary element of a binding contract as an agreement to be enforceable must be supported by consideration. Under an agreement, whatever a party gains from the other is called consideration. A valid Consideration…

Read More “CONSIDERATION CONTRACT LAW NOTES” »

UNIVERSITY STUDENT NOTES

OFFER AND ACCEPTANCE CONTRACT LAW NOTES

Posted on May 16, 2022February 18, 2025 By commerceiets
OFFER AND ACCEPTANCE CONTRACT LAW NOTES

OFFER AND ACCEPTANCE CONTRACT LAW NOTES

UNIVERSITY STUDENT NOTES

Posts pagination

Previous 1 2 3 4 Next

Copyright © 2025 COMMERCEIETS.

Powered by PressBook WordPress theme