Special Economic Zone- In Indian Context

  Special Economic Zone is a buzzword and has come to be regarded as an instrument to add pace to our drives for faster economic development . As we have controversies on every issue the question of establishment of SEZ too is embroiled in a lot...

How Reliable Are The Accounting Statements

  The financial and accounting statements which the companies are mandatorily required to produce and submit to various agencies are supposed to carry a great degree of authenticity and reliability once these pass through the hands of the...

Foreign Capital And India's Economic Development

  The role of foreign investments in a developing economy is very vital and especially in its industrialization process. Since Independence India pursued a policy of overcaution mixed skepticism. Thus our policies towards inflow of foreign funds...

Test for the prime numbers

For numbers less than 100, it is not very difficult to determine whether it is a prime number or not. We can also check it from the list given under` prime number’. For testing any number greater than 100 whether it is a prime number or not, e can...

Percent and percentages accounting

Definition: percentage is a fraction, whose denominator is 100. The term percent means for every 100. The numerator of the fraction is called the rate percent. Percentage is usually denoted by the sign`` %’’ and some times shortened as...

L.C.M of decimals and fractions/

    Sum of least common multiple -L.C.M Factor: one number said to be a factor or measure of another when it divides the mother exactly. Thus 6 and 8 are factors 0f 48. Multiple: a number is said to be a multiple of another when it is exactly...

Highest common factor-H.C.F

Calculation of H.C.F. 15, 25.50 and 100 A) Regular method ( method of prime factors) Rule: break the given number into prime factors and then find the product of the prime factors common to the numbers. The product will be the required...

L.C.M of decimals and fractions

Sum of least common multiple -L.C.M Factor: one number said to be a factor or measure of another when it divides the mother exactly. Thus 6 and 8 are factors 0f 48. Multiple: a number is said to be a multiple of another when it is exactly...

Time and work

While solving problems on time and work, unitary method is used i.e. value of a unit quantity is first obtained to find the value of any required quantity. Remember the following things when solve problems on them. The time required to complete a...

Sum of BODMAS

When an expression involves all things +, - , x, and divided by, brackets and `of’ the operations inside the brackets are to carried out first, followed by 1of’ operation, then multination or division and lastly, addition or subtraction. This whole...

Ratio exercise

We use numbers ever day and every time for calculating rates and other purpose. The two things and the same kind are attributed numerical values, able compare them. Comparison is expressed in phrases like are` greater than and less than’ to...

Accounting of Compound interest

Compound Interest account Compound interest: it is the interest which is calculated not only on the original principal invested, but also on the interest earned in privies periods. 10 A principal of Rupees 1000 invested at 10% would yield ___ x...

Accounts-Partnership Business

Partners’ business account loss and profit Partnership is a business where two or more partners invest a certain amount (capital) for a specific period to carry out the business. At the end of the period (one year or more), the business may...

Maths- Averages

Information given in different groups or in different numbers is difficult to remember. In such cases, the approximate number is useful. That is why we often hear remarks such as, the average of dhone’s runs in five innings is 65, and in standard...

Mathematics has its roots in India, China, Arabia and Greece. From the abacus, abacus, a bead -on –a frame calculator invented 5000 years ago, we have moved to computers, with their microchip technology. Computers have the ability to process data...

Cash coin and notes

Currency and travel We buy when we use public transport to go from one place to another. This ticket costs money. The money that we pay to buy tickets is called currency. The Indian currency is called the Rupee. It consists of coin and...

Electronic Banking

Introduction Electronic banking is accessing bank accounts and withdrawing/ depositing money and issuing instructions without the intervention of a bank employee. Electronic banking involves many different types of transactions. These include:...

RESIDENTIAL STATUS

.~ RESIDENTIAL STATUS ~. The residential status of different types of persons is determined differently. Similarly, the residential status of the assessee is to be determined each year with reference to the “previous year”. The...

Everything About Retailing

Retailing is the business activity that involves selling products/services to costumers for their non-commercial, individual or family use. Normally, retailing is the final stage of the distribution process.Retailing has been one of the fundamental...

Supply Vs Demand

Price of commodity is determined by demand and supply. Demand and supply are like two forces pulling in opposite direction that is, at lower pricemore quantity is demanded but less will be supplied.Conversely at higher prices less quantity is...

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