Accounts, Business Studies and Economics Session

Partnership accounts

Admission of a partner basics

Partnership deed

Profit sharing ratio sacrificing ratio and gaining ratio

P&l appropriation

Guarantee of profits and goodwill and past adjustments

Economics

National income

Introduction of national income and basic concepts will be covered in this session

How Economy works or runs

Circular Flow of Income and Methods of

Calculating National Income

Calculating Domestic income

The Product or Value Added Method

Expenditure Method

Income Method

Factor Cost, Basic Prices and Market Prices

Some Macroeconomic Identities

Nominal and Real GDP

GDP and Welfare

Business studies

Nature and significance of management

Basics will be explained

The characteristics of management & it's importance in organisation

The functions of management

The nature and importance of co-ordination

If time permits then

Introduction of microeconomics

A Simple Economy

Central Problems of an Economy

Organisation of Economic Activities

The Centrally Planned Economy

The Market Economy

Positive and Normative Economics

Microeconomics and Macroeconomics