The wealth and richness of a country cannot grow without proper utilization of its .....

To understand this we need to know that economics;

.....

Let me start with a simple example. Lets say that you are concerned with the income of yourself.  You were earning Rs. 30,000 last year and then your income increased to 40, 000 this year. When you are analysing the income of yourself only, .....

Let me ask you some questions. What is the unemployment level of your country? What is the current inflation rate of the nation? What should be the measures to reduce inflation rate? What should be the measures to increase employment .....

To understand the working of the economy: Macro economics gives the bird's eye view. Study of national income, aggregate output, gross saving and investment etc is very essential to understand  the working of the .....

Do you know that there are two branches of economics? One dealing with individual units, just like individual price, individual income, individual demand, and so on. This is called microeconomics. You have to know that macro means whole or big or .....

Every individual is different from each other.

.....

Do you know that there are two branches of economics? Microeconomics is one of them. In simple terns, "micro" means small or an indiviudal unit. Take an example of the demand made by you or your friend or your mother. If we are looking .....

Human Beings fulfill their desire/needs with the scarce resource available.

.....

Advance income is the income which is received by the co. but  not earned. i.e. goods or services for such payment is yet to be provided. It is the liability of the co. Income receivable is the income earned but yet not received. It is the .....

Prepaid expense is the payment for the goods or services before their actual occurance. Outstanding expenses are those expenses which  have occurred but payment for such is yet to be .....

For the first transaction, it involves capital and .....

Advantages: It is useful for redemption of long term liabilities or purchase of assets. It enhances the future strength of business. Disadvantages: Large amount of divisible profit is utilized for it.  If fund not collected in time. purpose .....

The importance is: It provides details of financial information of government offices. It is helpful for auditing too. It is required for preparation of financial statements .....

Journal for first transaction is: Furniture a/c -Dr 159000 To cash/ bank a/c .....

.....

The elements are: 1. Receipts e.g. donation, legacy, entrance fees etc. 2. Payments e.g. legal fees, electricity, telephone .....

Provision for bad debt is created to meet any future potential losses, due to non-payment of the whole or part of the debt owing by the .....

Outstanding income is the asset of an enterprise. It is the income earned but not received. Thus in the p&l a/c, outstanding income is added to the respective head. In the same way, it appears in the assets side of Balance .....

According to this concept, a business is expected to continue to operate for a long period of time. The transactions are thus recorded  on such assumptions.  It is beacuse of this concept, fixed assets are  recorded on their .....

According to this concept, the business and onwer of business are two different entities. So the business transactions are recorded in the books of account of business organization  and not in the books of owner. If transactions are mixed, .....

Since the life of business is expected  to go on for indefinite life, its true result can be determined only after liquidation. But since ascertainment of profit after  a very long period doesn't serve any purpose the whole life of .....

This concept says that expenses incurred during one period  should be matched with revenues earned during that period. Thus it focuses on adjustments of terms such as prepaid expenses, outstanding expenses, accrued revenue etc. This concept .....

e.g. An asset costing 100000 has 10 years of useful life. Depreciation will be 100000/10 = 10000 If salvage value is 10000 Depreciation = (100000-10000)/10 = .....

Profit and loss account is prepared To know about the net profit/loss of the company To help in preparation of balance sheet To know about the sources of income other than .....

Balance sheet is important because of following reasons: It helps to know the financial position of business It helps to ascertain the owner's equity  on the date of balance sheet. It helps to know the amount of provisions or reserves .....

Journal entry for first transaction is: Furniture a/c -Dr 170000 To cash/bank a/c .....

Under modern approach the rules is; We debit when assets & expenses are increased and when liability, capital and revenue are decreased. Also we credit when assets & expenes are decreased and when liability, capital and revenue are .....

Receipt of commission will increase the cash balance (asset). Also it increases the capital of the .....

Sale of fixed assets will  increase the cash balance (asset) of the co. Also it decreases the particular asset .....

The importance of budget are as follws;- It is important for provide information about the budget release and expenditure. It provides the information about budget transfer. It helps to operating level office to make expenditure within .....

Borrowed loan increases the amount of cash/bank (asset) in the co. Also it increases the liability of the co. Thus the effect is that both assets and liabilities is .....

In the preparing of the trial balance, a dummy or temporary account is added on deficit side of the trial balance is called suspense account. It must be removed by detecting the error in book keeping process. It is created for the matches the .....

Cheque is important in the business because: It facilitates payment. It is a more secure method of payment. It helps to prevent cash frauds .....

Advance income increases  the cash balance of the business. It also increases the liabilities  of the company. Advance expenses decreases the cash balance of the business. It also increases the prepaid expenses i.e the assets .....

Journal for second transaction is: Furniture a/c -Dr 190000 To cash/bank a/c .....

For the first transaction, it involves capital and .....

Like in the first transaction commenced business: Cash and machinery is an asset. When business is commenced with cash and machinery, asset balance is increased. Also capital of the company gets increased. Thus the equation will be .....

Like in the first transaction commenced business: Cash is an asset. When business is commenced with cash, cash balance is increased. Also capital of the company gets increased. Thus the equation will be as: 95000(cash) = 95000(capital) + 0 Do the .....

Suppose, you are buying 5 pencils and 9 copies from a stationery. What will be the total cost of 5 pencils and 9 copies? Well, total cost = 5 times cost of 1 pencil + 9 times cost of 1 copy. Now, if you suppose Rs. x is the cost of 1 pencil and .....

Here, you have to find the distance between A and B. You can find AB using distance .....

प्रस्तुत  गद्यांश ,,,, कथा बाट साभार गरिएको हो । यस कथामा राजा द्रुपद र आचार्य द्रोणको .....

Scottish blacksmith named Kirkpatrick Macmillan made the first mechanical bicycle in .....

A galaxy can have numerous planets. Our solar system is a part of a galaxy. (milky way galaxy) In our solar system, there were 9 planets before But since Pluto is not considered a planet anymore, now there are 8 .....

You know before 2046 there was a panchayat system. During panchayat system the fundamental rights of people were ignored. The mass movement of 2046 pressurized the then king Birendra to go for multiparty democracy. The king accepted the will of .....

A good paragraph contains : - Topic sentence - Support sentences - Concluding .....

अब, निबन्धको सुरुको भागमा शीर्षकको परिचय,पृष्ठभूमि,र  विस्तार गरिने कुरा अलिअलि एक वा दुई .....

As aresult, a large cavity appears in the centre. This cavity is called blastocoel and the stage is called the blastulation. This blastocoel is filled with fluid which contains carbohydrates and albumen. It provides nutrition to cell of .....

b) Middle piece:  It is the middle portion. It consists of mitochondria and centrioles. Mitochondria provide energy for the movement of sperms. Centrioles take part in the cleavage of .....

If a company needs funds for extension and development purpose without increasing its share capital, it can borrow from the general public by issuing certificates for a fixed period of time and at a fixed rate of interest. Such a loan .....