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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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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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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…
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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 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…
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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….
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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…
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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,…
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