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Opportunity Cost:  Choices are necessary because resources are scarce. A sacrifice is involved in choosing a scarce resource to produce one thing ...

The British East India, Company got a legal Charter for trade from the British crown in 1600 and shortly thereafter this,trading company started conquering ...

The Institute of Chartered Accountants of India (ICAI) recognized the need to harmonize the diverse accounting policies and practices at present in use in ...

Cash Book is both a Journal and a ledger: Cash Book plays dual role.as a boor of original entry (or primary entry) as well as a ledger. It is a subsidiary ...

Meaning of Cash Book.  A Cash Book is a special Journal which is used for recording all cash receipts and all cash payments. All cash transactions are ...

Purchases Book: Purchases Book (also known as Invoice Book or Purchases Journal or Purchases Day Book) is one of the ...

There are various factors which being about social change: Physical Environment:  Social life is influenced by physical environment of the place. ...

Meaning of Ledger:  Journal is a memorandum book to record transactions date wise. On a particular date what are total purchases, total sales, ...

Primary Groups: These are small sized with close and intimate relations between its members. Primary groups groom the personality of the individual and ...

The voluntary organizations in a democratic setup educate their members of social norms and objectives to reach their goals. There has been voluntary ...

Society is compared to the biological organisms:  Herbert Spencer was the main propagator of this theory. He compared society and its various ...

Advantages Financial Accounting. Maintenance of business records: All financial transactions are recorded in a systematic manner in the books of ...

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