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Answered on 25 Sep Tuition/BBA Tuition/Micro and Macro Economics CBSE/Class 11/Commerce/Economics

Deepakraj B

Home Tutor

It is a situation in which the inflation rate is high the economic growth rate slows and unemployment remains steadily high.
Answers 6 Comments
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Lesson Posted on 11 Sep Tuition/Class XI-XII Tuition (PUC) Tuition/BCom Tuition Tuition/BBA Tuition

Trade Discount

Vijaya Kumar V

I am a M. Com, M.PHIL, IFRS, Diploma in Banking & Finance and served as Professor of commerce for 4 years....

Trade discount is an income for the buyer of goods. It is shown a net of cost of purchase and does not get accounted as a specific ledger account.
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Lesson Posted on 11 Sep Tuition/Class XI-XII Tuition (PUC) Tuition/BCom Tuition Tuition/BBA Tuition

GST

Vijaya Kumar V

I am a M. Com, M.PHIL, IFRS, Diploma in Banking & Finance and served as Professor of commerce for 4 years....

GST refers to Goods and Services Tax. GST replaced then called sales tax and service taxes. GST paid on purchases shall be recorded as an asset which shall be offset with the GST collected (liability for the seller) on Sale of goods and services. The net GST collected over GST paid shall be deposited... read more

GST refers to Goods and Services Tax.

GST replaced then called sales tax and service taxes.

GST paid on purchases shall be recorded as an asset which shall be offset with the GST collected (liability for the seller) on Sale of goods and services. The net GST collected over GST paid shall be deposited to tax authorities.

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Lesson Posted on 11 Sep Tuition/BBA Tuition Tuition/BCom Tuition CBSE/Class 12/Commerce

Accountable Transaction

Vijaya Kumar V

I am a M. Com, M.PHIL, IFRS, Diploma in Banking & Finance and served as Professor of commerce for 4 years....

Every business is required to record the economic transactions that are financial. There.is remarkable variation between trade and financial transactions. Business transaction can be of non-financial too. However, every financial transaction shall fall within the ambit of a business transaction. The... read more

Every business is required to record the economic transactions that are financial. There.is remarkable variation between trade and financial transactions. Business transaction can be of non-financial too. However,  every financial transaction shall fall within the ambit of a business transaction. The financial transaction shall be measurable by money or money's worth and thus should be recorded in the books of accounts of a business.

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Lesson Posted on 11 Sep Tuition/Class XI-XII Tuition (PUC) Tuition/BBA Tuition Tuition/BCom Tuition

Bills of exchange

Vijaya Kumar V

I am a M. Com, M.PHIL, IFRS, Diploma in Banking & Finance and served as Professor of commerce for 4 years....

Bills of exchange is a negotiable instrument. It is drawn by a creditor on the debtor and accepted by the debtor in writing for the amount owed by the debtor to settle it on a specific maturity date. Bills of exchange can be discounted/sold by the drawer to a bank at a discount.
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Lesson Posted on 11 Sep Tuition/Class XI-XII Tuition (PUC) Tuition/BCom Tuition Tuition/BBA Tuition

BRS

Vijaya Kumar V

I am a M. Com, M.PHIL, IFRS, Diploma in Banking & Finance and served as Professor of commerce for 4 years....

BRS refers to Bank reconciliation statement. This is prepared to reconcile the difference between bank account in the cash book and pass book.
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Lesson Posted on 08 Sep Tuition/Class XI-XII Tuition (PUC)/Accounts CBSE/Class 11/Commerce/Accountancy Tuition/BBA Tuition/Fundamentals of Accounting +2 Tuition/BCom Tuition CBSE/Class 12/Commerce less

Depreciation

Paras Kukreja

I can teach every topic very easily and make it stronger for the students.

Dear students , I know depreciation is one of the terms which have caused you problems. Depreciation is nothing but systematically allocation of cost of Fixed asset during its life time. Let's take an example , As you know , we prepare accounts for an accounting period say 1st April 2017 - 31st March... read more

Dear students , I know depreciation is one of the terms which have caused you problems.

Depreciation is nothing but systematically allocation of cost of Fixed asset during its life time.

Let's take an example ,

As you know , we prepare accounts for an accounting period say 1st April 2017 - 31st March 2018.

To calculate profit , we need expenses and incomes during that period.

We purchased a plant costing ?1,00,000 and has a life time of 10 years.

We know ,it is an expense and has to be debited in P&L, but the issue is plant will remain for 10 years and therefore we allocate its cost in 10 years i.e; 1,00,000/10 comes to  10,000.

This 10,000 that will be debited to P&L is Termed as Depreciation.

 

Isn't that simple!!!

 

Thank you

Paras kukreja

(7011335667, kukrejaparas09@gmail.com)

 

 

 

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Lesson Posted on 28 Aug CBSE/Class 11/Commerce/Economics CBSE/Class 12/Commerce Tuition/BCom Tuition/Micro & Macro Economics +1 Tuition/BBA Tuition/Micro and Macro Economics less

Types of Demand - Micro Economics, Class 12

Rajiv Vadera

I am MBA Finance. I believe in conceptual learning and not just theoretical.

Economics - NCERT, ICSE/ISC, State Board, IGCSE/GCSE
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Lesson Posted on 28 Aug Tuition/Class XI-XII Tuition (PUC)/Accounts CBSE/Class 11/Commerce/Accountancy Tuition/BBA Tuition/Management Accounting

Current Ratio - Ratio Analysis, NCERT Class 12

Rajiv Vadera

I am MBA Finance. I believe in conceptual learning and not just theoretical.

Book-Keeping and Accountancy - Balance Sheet Ratio, Liquidity Ratios, ICSE/ISC, IGCSE/GCSE, State Board, CBSE-
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Answered on 17 Jul Tuition/BBA Tuition/Micro and Macro Economics CBSE/Class 11/Commerce/Economics

Arun Pathrose

Tutor

for XI-XII rs 300 and for graduation rs 500 per hour
Answers 6 Comments
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