Articles [Commerce]

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...

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...

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...

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...

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...

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...

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 ~. 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...

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...

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...