Office resources are the inputs which are the means for obtaining outputs. The office resources are manpower, materials, and sources of income means of transportation and means of communication. The office resources are the tools that support to .....

Types of office resources are: Manpower: Manpower refers to all the staff who is appointed in different positions for performing administrative, clerical, as well as technical jobs. It is also known as office personnel. Manpower is the only living .....

Office resources are the inputs which are the means for obtaining outputs. The office resources are manpower, materials, and sources of income, means of transportation and means of communication. The office resources are the tools that support to .....

Functions and Duties of Office Assistant: 1. Preparing plans for daily works: A plan for daily works means preparing a list or schedule of jobs to be performed daily. The plan or schedule helps the office assistant to perform the daily official .....

Qualities or Traits of Office Assistant Personal appearance: Personal appearance refers to the outlook of the assistant. The appearance of the assistance should be good- looking to others; Attractive appearance gives the deep impression to the .....

Tax is the most important source of income or revenue for the government. Tax is a liability of a person or an organization to the state or government. It is paid by persons or organizations out of the incomes earned by them. It is a compulsory levy .....

The office chief is the in charge who sets the objectives, formulates plans and policies, manages resources, coordinates and controls the whole activities for achieving organizational objectives. Here are the functions of Office Chief: Setting .....

The office of an organization is the most important unit. It is regarded as the mainspring of a watch and steering of a car. It is equally important to a government unit, business organization as well as service motive organization. It essential to .....

The means which are used to transport products and people from one place to another place inside or outside the country is called the means of .....

Transportation means the process of physical movement of products and people from one place to another .....

The revenue which is earned by selling and distributing goods and services on regular basis is called sources of .....

Non- durable materials are those materials which are used for the purpose of manufacturing or selling or operating office and administrative activities. These materials are consumed within one .....

Durable materials are those materials which help to generate regular incomes for an organization. The durable materials are useful for more than one .....

An office has to perform a number of functions in order to achieve the objectives of the organization. They are given below: Receiving informationThe offices receive various types of information from internal and external sources. It collects the .....

Trial Balance of Image Emporium As on 31st Ashadh S.No. Heads of Account LF Debit Balance Credit Balance 1. Opening Stock 10,000 2. Purchases 20,000 3. Sales 36,000 4. Sundry debtors 5,000 .....

The office is the center of an organization. It is the central unit of the organization which carries on different functions for achieving its objectives. It is the focal point of the organization which carries out different functions like planning, .....

Trial Balance of Samjhana Medical Hall As on 31st Ashadh S.No. Heads of Account LF Debit Balance Credit Balance 1. Capital 2,80,000 2. Wages 15,000 3. Bank loan 40,000 4. Cash 5,000 5. .....

Materials refer to all durable and non-materials items required by the office to perform all its activities, accurate and systematic manner. These materials help the manpower to perform official activities .....

Manpower refers to all the staff who is appointed in different positions for performing administrative, clerical, as well as technical .....

Office resources are all the facilities available in the office like men, materials and supplies, furniture and equipment, money, means of transportation and means of communication which are utilized to perform all the activities for achieving .....

Office assistant are those people who work in the lower level position. Office assistant refers to a subordinate staff that performs routine jobs to assist the sectional chief and office chief in their daily official .....

Any two functions of office assistant are: Preparing plans for daily works Filing letters and documents .....

Excise dutyis a tax which is levied while manufacturing or selling or consuming goods and .....

Local tax is the tax which is imposed by the local government like Village Development Committee, Municipality, Metropolitan City and District Development .....

The tax which is collected by the government at the boundary of the country at a time of importing and exporting the goods is known as custom .....

Indirect tax is a tax which is imposed upon one person but paid partially or wholly by another person. It is levied for the production, distribution and consumption of goods and .....

Direct tax is a tax which is collected directly from the individuals and organizations on the basis of their incomes and .....

The following are the main features of an office: Central partAn office is a central part of an organization which manages all the activities of the organization. It makes plans, policies, rules, regulations, implements them and controls the whole .....

S.N. Heads of Accounts L.F Debit Balance Credit Balance 1. Capital 50,000 2. Bank 30,000 3. Cash 15,000 4. Bills payable 10,000 5. Land and building 45,000 6. Reserve .....

The following are the objectives of taxation: To increase the revenue for the welfare of the state To maintain equitable distribution of income and property To increase the production of particular goods To increase the employment, saving and .....

S.N. Heads of Accounts L.F Debit Balance Credit Balance 1. Opening stock 10,000 2. Furniture 15,000 3. Purchases 30,000 4. Salary 15,000 5. Carriage 5,000 6. Creditors .....

The trial balance can be prepared on daily or monthly or yearly basis as per the requirement of the business. It is prepared on a given date in a separate sheet of paper. It is prepared either using total method or balance method or compound method. .....

Solution: Trial Balance As on 31st Ashadh S. No. Heads of Account LF Debit balance Credit balance 1. Opening Stock 10,000 2. Purchases 20,000 3. Sales 36,000 4. Sundry debtors 5,000 5. Sundry .....

Any two needs of office chief are as follows: To determine the objectives of the organization. To make plans, policies, programs, rules and regulations for achieving the set objectives. .....

Any two functions of sectional chief are as follows: Setting the departmental objectives in conformity with the organizational objectives. Preparing departmental plans and policies for achieving departmental objectives. .....

Any two functions of office chief are as follows: Setting objectives of the organization. Preparing long term and short terms plans and policies of the organization. .....

The office chief is the in charge who sets the objectives, formulates plans and policies, manages resources, coordinates and controls the whole activities for achieving organizational objectives. He is regarded as the boss of the .....

Solution: Trial Balance As on 31st Chaitra S. No. Heads of Account LF Debit balance Credit balance 1. Capital 50,000 2. Bank 30,000 3. Cash 15,000 4. Bills payable 10,000 5. Land and building 45,000 .....

A trial balance is a statement of debit & credit balance of the ledger accounts which is prepared in order to prove the arithmetical accuracy of the books of account. It is prepared after the preparation of various personal, real & nominal .....

Functions of Sectional Chief: Setting the departmental objectives in conformity with the organizational objectives. Preparing departmental plans and policies for achieving departmental objectives. Reporting the performance, problem and achievement .....

Journal entries Date Particulars LF Debit Rs. Credit Rs. a). Furniture a/c ……………………….Dr. 7,000 To Bank a/c 2,000 To Fine Furniture a/c .....

Solution: Trial Balance As on 31st Ashadh S. No. Heads of Account LF Debit balance Credit balance 1. Opening stock 10,000 2. Furniture 15,000 3. Purchases 30,000 4. Salary 15,000 5. Sales 50,000 .....

The trial balance can be prepared on daily or monthly or yearly basis as per the requirement of the business. It is prepared on a given date in a separate sheet of paper. It is prepared either using total method or balance method or compound method. .....

Journal Entries Date Particulars LF Debit Amount (Rs.) Credit Amount (Rs.) Srawan 1 Purchase a/c……………………Dr. 4,000 To cash a/c 4,000 (Being books purchased .....

The following are the importance of office: - Planning and decision making center Co-ordinating and communicating center Controlling center Public relation center Proof of existence Record center Service center .....

An office is the focal point of the organization which carries out different functions like planning, organizing, directing, coordinating, controlling and communicating are .....

The following are the advantages of trial balance: It verifies the arithmetical accuracy of recording and posting of financial transactions. It facilitates for preparing final accounts. It helps in locating, preventing and rectifying errors and .....

Posting the account from journal to the ledger, the rules of journalising should be followed. Account debited in a journal should be also debited and account credit also credit in the ledger account. The process of preparing the ledger account can .....

The ledger is the second step of accounting. It is the principal book of accounts. It contains all the accounts appeared in the journal or subsidiary books. It makes a classified record of all the transactions in summarized form. It is the final .....

Journal Entries Date Particulars LF Debit Amount (Rs.) Credit Amount (Rs.) January 1 Cash a/c…………………..Dr. 55,000 To capital a/c 55,000 (Being Amar started .....