Meaning and Objectives of Material control
by Material control is the main component of the process of material management. Control over materials is of utmost importance for smooth and uninterrupted functioning of …
Category: Management Notes
Management Notes of Various Universities across india
Material Purchase procedure
1. Determining Purchase Budget: Purchase Manager prepares a purchase budget for the forthcoming financial year. Purchase budget is prepared with the help of production planning …
Basis of Accounting
Accounting is not as one dimensional as it sometimes seems to people. It also has a few systems and types, which allows the accountant to …
Accounting Process: Recording of business, Transaction to preparation of Trial Balance
The accounting cycle is the holistic process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation …
Accounts of non-profits organization
Non-profit accounting refers to the unique system of recordation and reporting that is applied to the business transactions engaged in by a nonprofit organization. A …
Single entry system
Single entry system is an incomplete form of recording financial transactions. It is the system, which does not record two aspects or accounts of all …
Joint Venture Accounts
An association of two or more persons or we may say temporary partnership combined for the carrying out a specific business, and divide profit or …
Consignment Account
Consignment occurs when goods are sent by their owner (the consignor) to an agent (the consignee), who undertakes to sell the goods. The consignor continues …
Business as a System
A business system is designed to connect all of an organization’s intricate parts and interrelated steps to work together for the achievement of the business …
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