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CURRENT RATIO FORMULA

Posted on December 21, 2019 By commerceiets No Comments on CURRENT RATIO FORMULA
CURRENT RATIO FORMULA

CURRENT RATIO FORMULA Current ratio explains the relationship between current assets and current liabilities. This ratio is also known as working capital ratio. This ratio is a measure of general liquidity and is most likely to make the analysis of the short term financial position or liquidity position of the firm. It is calculated by…

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12 ACCOUNTANCY, FINANCIAL ACCOUNTING

RATIOS

Posted on December 21, 2019 By commerceiets No Comments on RATIOS
RATIOS

RATIOS Ratio is an arithmetical expression of relationship between two interdependent or related items. It may be defined as indicated quotient of mathematical expression. Accounting ratios are numerical relationship between two accounting variables. It indicates a quantitative relationship which is used for analysis and decision making. ACCORDING TO ACCOUNTANT’S HANDBOOK BY WIXON, KELL AND BEDFORD…

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12 ACCOUNTANCY, FINANCIAL ACCOUNTING

FINANCIAL RATIO ANALYSIS

Posted on December 21, 2019 By commerceiets No Comments on FINANCIAL RATIO ANALYSIS
FINANCIAL RATIO ANALYSIS

FINANCIAL RATIO ANALYSIS Financial Ratio Analysis is the process of determining and interpreting relationships between the items of financial statements to provide a meaningful understanding of the performance and financial position of an enterprise. Ratio analysis is basically a technique of: Establishing meaningful relationship between significant variables of financial statements And interpreting the relationship to…

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12 ACCOUNTANCY, FINANCIAL ACCOUNTING

SAFETY PROVISIONS OF FACTORIES ACT 1948

Posted on December 20, 2019 By commerceiets No Comments on SAFETY PROVISIONS OF FACTORIES ACT 1948
SAFETY PROVISIONS OF FACTORIES ACT 1948

SAFETY PROVISIONS OF FACTORIES ACT 1948 Section 21 to 41 of Chapter III of the Factories Act, 1948 contained the safety provisions of factories act act 1948 of the workers. These provisions are made to provide the safe working environment in the factories to the workers. Safety is the basic and primary requirement and these…

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INDUSTRIAL AND LABOUR LAWS

FACTORIES ACT 1948

Posted on December 20, 2019 By commerceiets No Comments on FACTORIES ACT 1948
FACTORIES ACT 1948

Factories Act 1948 The Factories Act 1948 is a comprehensive piece of legislation that covers all the legal aspects regarding factories namely approval, licensing and registration of factories, the inspecting authorities, health, safety, welfare provisions, working hours, employment of adult and young children, annual leave and penalties. OBJECTIVES OF THE FACTORIES ACT, 1948 The objectives…

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INDUSTRIAL AND LABOUR LAWS

WORKER

Posted on December 18, 2019 By commerceiets No Comments on WORKER
WORKER

WORKER The term Worker is defined under section 2(l) of the factories act, 1948. A worker means a person employed directly or by or through by agency (including a contractor) with or without the knowledge of the principal employer, whether for remuneration or not, in any manufacturing process or in cleaning part of the machinery…

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INDUSTRIAL AND LABOUR LAWS

FACTORY

Posted on December 18, 2019 By commerceiets No Comments on FACTORY
FACTORY

FACTORY The term factory is defined under section 2(m) of the Factories Act, 1948. Factory includes the precincts thereof: Wherein ten or more workers are working or were working on any day of the preceding twelve months and in any part of which a manufacturing process is being carried on with the aid of power…

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INDUSTRIAL AND LABOUR LAWS

POLICY AND PLANNING

Posted on December 17, 2019 By commerceiets No Comments on POLICY AND PLANNING
POLICY AND PLANNING

POLICY AND PLANNING Policy and Planning are complementary to each other. Policy formulation is an important aspect of the planning. The smooth working of an organization requires the formulation of the policies. A well thought exercise is essential to formulate the sound and effective policy. The following is the procedure to formulate the policies: DEFINING…

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BUSINESS MANAGEMENT

TYPES OF POLICIES

Posted on December 17, 2019March 25, 2025 By commerceiets
TYPES OF POLICIES

TYPES OF POLICIES The following are the various types of policies: ORGANIZATIONAL POLICIES These refer to the overall policies of the organization. These policies decide the goals of the activities of the organization as a whole. FUNCTIONAL POLICIES Functional Policies are prepared for different functions such as production, marketing, finance, personnel etc. Functional policies are…

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BUSINESS MANAGEMENT

POLICIES IN BUSINESS

Posted on December 17, 2019 By commerceiets No Comments on POLICIES IN BUSINESS
POLICIES IN BUSINESS

POLICIES IN BUSINESS Policies in Business are the general statements which are formulated by the organization for the guidance of its personnel. It is a guide to thinking and action on the part of the executives. Policies indicate the manner in which a particular situation should be handled. ACCORDING TO EDWIN B FLIPPO “A policy…

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BUSINESS MANAGEMENT

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