Marginal productivity theory
In the words of J.B. Clark, “Under static conditions, every factor including entrepreneur would get a remuneration equal to marginal product.” As per Mark Blaug, “The marginal productivity theory contends […]
Modern Theory of Distribution
The Modern theory of factor pricing provides a satisfactory explanation of the problem of distribution. It is known as the demand and supply theory of distribution. According to the modem […]
Determination of Rent
According to modern economists, rent is considered as the payment made against the use of land by a tenant. They explained the concept of rent with respect to demand and […]
Quasi Rent
The concept of quasi-rent was given by Alfred Marshall. He defined quasi rent as surplus earnings generated by the factors of production, except land. The earnings from machines and instruments […]
Chhatrapati Shahu Ji Maharaj University (CSJMU) Kanpur BBA Notes
Chhatrapati Shahu Ji Maharaj University (CSJMU) Kanpur BBA Syllabus Wise Notes
A/U1 Topic 1 Meaning and objective of Auditing
Auditing is an examination of the books of accounts and vouchers of the business by an independent person who should be qualified for the job, in order to ascertain their […]
A/U1 Topic 2 Types of Audit
Classification of Auditing: Continuous or detailed. Periodical or final audits. 1. Continuous Audit: This is useful in case of big companies with larger business which have scope for keeping the […]
A/U1 Topic 3 Audit Programme
An audit program is a set of directions that the auditor and its team members need to follow for the proper execution of the audit. After preparing an audit plan, […]
A/U1 Topic 4 Audit Notebooks
Audit note book is maintained by the audit assistant ti note down to all those unclear matter which he may come across in the course of audit and on which […]
A/U1 Topic 5 Audit Working papers
Audit working papers are the outcome of the documentation process. Working papers are the record of various audit procedures performed, audit evidence obtained, allocation of work between audit team members […]
A/U1 Topic 6 Audit Evidences
An auditor applies various audit procedure to obtain audit evidence which enables him to form an opinion whether the financial statements of an entity are free from material misstatement and […]
A/U1 Topic 7 Consideration for commencing an audit
#1: In the case of a company, see that the appointment of the auditor is legally valid according to provisions of the Companies Act, verify records of the company and […]
A/U1 Topic 8 Routine checking and Test checking
Routine Checking Routine checking means checking of arithmetical accuracy of books of original entry the ledgers with a view to detect clerical errors and frauds of a very simple nature […]
A/U1 Topic 9 Internal check system
Internal Check is an integral function of the internal control system. It is an arrangement of duties of the staff members in such a way that the work performed by […]
A/U1 Topic 10 Internal audit and Internal control
Internal Control Internal Control can be understood as a system developed, implemented and maintained by the company’s management, in order to ensure the achievement of objectives concerning: Effectiveness and efficiency […]
A/U2 Topic 1 Vouching
Accounting entries made in the books must be supported by documentary evidence and inspection of that evidence is called vouching. The Auditor judges the authenticity, of the accounting entries using […]
