BCom Tuition

BCom Tuition

Trending Questions and Lessons

Follow 73,492 Followers

Ask a Question

Feed

All

All

Lessons

Discussion

Lesson Posted on 05 Mar Exam Coaching/ACCA Exam Coaching Exam Coaching/CA Coaching Exam Coaching/CA Coaching/IPCC Group 1 +9 Exam Coaching/CA Coaching/IPCC Group 2 Exam Coaching/CA Coaching/CPT Exam Coaching/ICWA Coaching Exam Coaching/Company Secratary (CS) Coaching Exam Coaching/Company Secratary (CS) Coaching/Regular Classes Exam Coaching/Company Secratary (CS) Coaching/Crash Course Tuition/BCom Tuition/Company Law Tuition/BCom Tuition Tuition/BCom Tuition/Income Tax Laws less

Relevant v/s. Irrelevant Cost

Ca Prashanth Reddy

I enjoy teaching and interacting with students. Teaching is my passion, profession and hobby. Every student...

The purpose of classifying cost into relevant and irrelevant is to eliminate unnecessary information that complicates the process of decision making. Relevant Cost: Cost which will be affected by the decision being taken. It is relevant for decision making. They affect the future cash flow of the enterprise. Conditions... read more

The purpose of classifying cost into relevant and irrelevant is to eliminate unnecessary information that complicates the process of decision making.

Relevant Cost: Cost which will be affected by the decision being taken. It is relevant for decision making. They affect the future cash flow of the enterprise.

Conditions to be satisfied for relevant cost:

  1. It should occur in future
  2. It should differ among the alternative course of action

Example of Relevant cost: Avoidable Cost, Opportunity cost, Future Cash flows etc.

Irrelevant Cost: Cost which remain unaltered regardless of decision being taken. It is irrelevant for decision making. They don’t affect the future cash flow of the enterprise.

Example of Irrelevant cost: Sunk Cost, non cash expenses, general overheads etc.

read less
Comments
Dislike Bookmark

Lesson Posted on 05 Mar Exam Coaching/ACCA Exam Coaching Exam Coaching/CA Coaching Exam Coaching/CA Coaching/CPT +8 Exam Coaching/CA Coaching/IPCC Group 1 Exam Coaching/CA Coaching/IPCC Group 2 Exam Coaching/Company Secratary (CS) Coaching/Regular Classes Exam Coaching/Company Secratary (CS) Coaching Exam Coaching/Company Secratary (CS) Coaching/Crash Course Exam Coaching/ICWA Coaching Tuition/BCom Tuition Tuition/BBA Tuition less

Capital Expenditure v/s Revenue Expenditure

Ca Prashanth Reddy

I enjoy teaching and interacting with students. Teaching is my passion, profession and hobby. Every student...

Capital Expenditure Revenue Expenditure It is incurred for acquiring Fixed Assets It is incurred for running productivity or earning capacity of business It results in increase the value of Fixed Assets There is no increase in value of Fixed assets They increase the earning capacity... read more
Capital Expenditure Revenue Expenditure
It is incurred for acquiring Fixed Assets It is incurred for running productivity or earning capacity of business
It results in increase the value of Fixed Assets There is no increase in value of Fixed assets
They increase the earning capacity of business They are incurred to maintain the earning capacity of business
Benefit of such expenditure extends for more than one year Benefits of expenditure expires in the current accounting (same year) period itself
They are displayed in Balance Sheet They are displayed in P & L a/c
Basically they are non-recurring nature Basically they are recurring nature
Example: Purchase of land, building etc. Example: Painting building, repairs etc.

 

read less
Comments
Dislike Bookmark

Lesson Posted on 05 Mar Exam Coaching/ACCA Exam Coaching Exam Coaching/CA Coaching Exam Coaching/CA Coaching/IPCC Group 1 +8 Exam Coaching/CA Coaching/IPCC Group 2 Exam Coaching/CA Coaching/CPT Exam Coaching/Company Secratary (CS) Coaching Exam Coaching/Company Secratary (CS) Coaching/Regular Classes Exam Coaching/Company Secratary (CS) Coaching/Crash Course Tuition/BCom Tuition/Company Law Exam Coaching/ICWA Coaching Tuition/BCom Tuition less

Margin Of Safety In Marginal Costing

Ca Prashanth Reddy

I enjoy teaching and interacting with students. Teaching is my passion, profession and hobby. Every student...

Margin of Safety (MOS) is the sale level which exceeds Break Even point i.e. it is the level at which an entity’s output/sales level can fall before a business reaches its breakeven point. It is useful to determine financial soundness of business enterprise. If margin of safety is high, then... read more

Margin of Safety (MOS) is the sale level which exceeds Break Even point [BEP] i.e. it is the level at which an entity’s output/sales level can fall before a business reaches its breakeven point.

It is useful to determine financial soundness of business enterprise. If margin of safety is high, then the financial position of the enterprise is sound.

MOS in terms of Formula
1. Rupees Profit/PV Ratio
2. Units Profit/Contribution per unit
3. % MOS Sales/Actual Sales (or) Profit/Contribution

Note: If total capacity = actual capacity, then “MOS = 1 – Break Even Point (BEP).”

read less
Comments
Dislike Bookmark

Looking for BCom Tuition

Find best BCom Tuition in your locality on UrbanPro.

FIND NOW

Lesson Posted on 07 Feb Tuition/BBA Tuition/Fundamentals of Accounting Tuition/BCom Tuition/Financial Accounting

Accounting Basics

Khevana S.

I am a qualified teacher with good teaching experience. I can teach each and every topics very easily...

Accounting Equation : Assets = Liabilities + Capital (Equity) Important points to remember for journal entries: If value of assets increases, assets account will be debited. If value of assets decreases, assets account will be credited. If value of liabilities increases,liabilities account will... read more

Accounting Equation :

Assets = Liabilities + Capital (Equity)

Important points to remember for journal entries:

  • If value of assets increases, assets account will be debited.
  • If value of assets decreases, assets account will be credited.
  • If value of liabilities increases,liabilities account will be credited.
  • If value of liabilities decreases,liabilities account will be debited.
  • All incomes / gains are credited.
  • All expenses / losses are debited.

Three types of accounts:

i. Personal (Natural person, artificail person or representative of person).

ii. Real (tangble real (includes all assets) & intangible real).

iii. Nominal (all accounts having a name like rent ac named on type of expense): All incomes & expenses fall under this category.

Please note that as soon as a prefix (prepaid) or suffix (outstanding) attaches to an account, it becomes a  personal account.

Three Golden rules of accounting:

i. Personal Account: Debit the receiver, Credit the giver.

ii. Real Account: Debit what comes in, Credit what goes out.

iii. Nominal Account: Debit all expenses, Credit all incomes.

read less
Comments
Dislike Bookmark

Lesson Posted on 02 Feb Tuition/BCom Tuition

Method Of Showing Accounts Receivable On Balance Sheet Under Allowance Method

Khushboo B.

I am having an experience of 5+ years in teaching Maths/Accounting/Economics/Statistics/Costing/Taxation/Law/Business...

Allowance Method: Under the Allowance Method, the company makes an estimate, on the basis of some past experiences or on the basis of published industry averages, of debts which may not be realizable. As it is not yet recognized against a specific customer as to who will not be able to pay the debt,... read more

Allowance Method:

Under the Allowance Method, the company makes an estimate, on the basis of some past experiences or on the basis of published industry averages, of debts which may not be realizable. As it is not yet recognized against a specific customer as to who will not be able to pay the debt, a contra-asset account named Allowance for Bad or Doubtful Debt Account will be created. This allowance for bad or doubtful debt account will be shown as a deduction to the Accounts Receivable Account on the asset side of Balance Sheet.

 

To Determine:

Method of showing Accounts Receivable on the Balance Sheet under Allowance Method.

 

Solution:

Generally, companies use two methods to record bad debts, Allowance Method and Direct Write off Method.

Under Allowance Method Net Realizable Value of Accounts Receivable is shown on the Balance Sheet after deducting Allowance for Doubtful Debt Account from it.

 

Explanations:

Under the Allowance Method, the company makes an estimate, on the basis of some past experiences or on the basis of published industry averages, of debts which may not be realizable in future. As it is not yet recognized against a specific customer as to who will not be able to pay the debt, a contra-asset account named Allowance for Bad or Doubtful Debt Account will be created. This allowance for bad or doubtful debt account will be shown as a deduction to the Accounts Receivable Account on the asset side of Balance Sheet.

For this expected value of Bad Debt, an adjustment entry is required to be made debiting Bad Debt Account and crediting Allowance for Bad Debt Account. For example, if at the end of an accounting period, a company makes an estimate that $ 225 in Accounts Receivable will become unrealizable, then the adjustment entry would be as follows:

Bad Debt Expense A/C-------------------------------------Dr.                               $225

            To Allowance for Bad Debt Account                                                            $225

And, this Allowance for Bad Debt Account will be shown as a deduction to Accounts Receivable in the Balance Sheet. The total of Accounts Receivable Account will remain unaffected even after making this adjustment entry.

When this estimated value is identified against a specific customer, then it shall be written off against the Allowance Account already made. For example, if the above-mentioned amount of $225 becomes recognized against a specific customer, say, Mr. X, then the adjustment entry would be-

Allowance for Bad Debt Account-----------------------------------------Dr.                     $225

            To Accounts Receivable – Mr. X A/c                                                                         $225

 

Conclusion:

Thus, under allowance method, the net realizable value of Accounts Receivable is shown on the Balance Sheet after deducting expected unrealizable value.

read less
Comments
Dislike Bookmark

Answered on 05 Feb Tuition/BCom Tuition/Financial Markets and Institutions

Can I do M.Com from private and B.Ed in distance education at same time?

Rizwan Baqai

Tutor

You can do private M.Com but B.ed is not provide with distance education and not worth for it.
Answers 1 Comments
Dislike Bookmark

Looking for BCom Tuition

Find best BCom Tuition in your locality on UrbanPro.

FIND NOW

Asked on 29 Jan Tuition/BCom Tuition/Financial Markets and Institutions

How many days it would take to complete my all courses?

Answer

Answered on 24 Jan Tuition/BCom Tuition

Dev Group

Eligibility criteria for B.Com is either 12th pass or Diploma. If you have either, you can certainly do.
Answers 10 Comments
Dislike Bookmark

Answered on 06/12/2017 Tuition/BCom Tuition

Apoorva A.

HR Professional

Hi Abdul, Good Afternoon! Hope you are doing well. B.Com degree in HR doesn't have much value or scope. If you take up a job after B.Com you will earn between 10-15k pm. To add value to your CV and also earn and get a better work opportunity, I suggest you do your MBA in HR. It will help you understand... read more
Hi Abdul, Good Afternoon! Hope you are doing well. B.Com degree in HR doesn't have much value or scope. If you take up a job after B.Com you will earn between 10-15k pm. To add value to your CV and also earn and get a better work opportunity, I suggest you do your MBA in HR. It will help you understand and learn more about the HR field. You learn different subjects and will get in depth knowledge of the different HR roles. This will help you make better career choices. P.S: Take out time and prepare for competitive exams to help get MBA admission: like PGCET, KMAT, SNAP( CAT if you wish to try for IIM's) Good luck! read less
Answers 25 Comments
Dislike Bookmark

Looking for BCom Tuition

Find best BCom Tuition in your locality on UrbanPro.

FIND NOW

Answered on 27/04/2017 Tuition/BCom Tuition

Deepak Nirala Commerce Academy

Rs 800 for 12 and 1000 for each subject for B. Com.
Answers 63 Comments
Dislike Bookmark

About UrbanPro

UrbanPro.com helps you to connect with the best BCom Tuition in India. Post Your Requirement today and get connected.

Overview

Questions 123

Lessons 196

Total Shares  

Top Contributors

Connect with Expert Tutors & Institutes for BCom Tuition

x

Ask a Question

Please enter your Question

Please select a Tag

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 25 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 6.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more