Warren Edward Buffett (popularly known as Warren Buffett) is
an American based Investor, Business Magnet, Chairman and CEO of Berkshire
Hathaway.
Warren Buffet is considered one of the most successful investors in
the world, also one of the top 10 wealthiest person in the world for
the last few decades and currently he is ranking third among top wealthiest
person in the world with $82.5 Billion Net worth. His Investment wisdom and his...
Friday, November 15, 2019
Friday, November 1, 2019
Scope and Functions of Management Accounting
J. Batty defines Management Accounting as “the term used to
describe the accounting methods, systems and techniques which coupled with
special knowledge and ability, assist management in its task of maximizing
profits or minimizing losses”.
Scope of Management
Accounting
The Management Accounting includes the following fields /
scope of activities:
1)
Financial Accounting: Financial...
Saturday, October 19, 2019
Management Accounting – Definition, Objectives and Tools used
Management Accounting
Introduction:
Management Accounting is the accounting technique helpful to
the management in discharging its functions. In other words, it provides the accounting information which is useful
for planning, directing and controlling the activities of an organization.
It rearranges the accounting information provided by the financial accounts in
such...
Thursday, October 3, 2019
5 Important Functions of Management Lessons from Thirukkural
The Thirukkural (Sacred Couplet Verse) is one of the ancient
non-religious Tamil literature and scripture that guides human beings
(Society)and shows light on wisdom for better living in this universe. Though Tirukkural
(Divine Couplet Verse) is written over 2,000 years ago by Saint Thiruvalluvar
in Tamil (one of the oldest languages), the way of life advised in Tirukkural
is...
Thursday, September 19, 2019
Difference between Cheque vs Demand Draft (DD)
Let us understand the definition of Cheque and Demand Draft to have clear idea.
According to Section 6 of the Negotiable Instruments Act, “Cheque is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand”.
Although Demand Draft is a pre-paid Negotiable Instrument, it is not defined under the act. Demand Draft is popularly known as DD in Banking Jargon. Demand Draft means an instrument drawn by one...
Sunday, August 18, 2019
Definition of Banker and Customer
Banker
There are three different definitions of Banker which covers
essential and secondary functions of Banker.
Dr. Herbert L. Hart defines a Banker as, “one
who in the ordinary course of business, honors cheques drawn upon him by
persons from and for whom he receives money on current account”. As per this
definition, the receiving of deposits of money from the public and repaying the
same by honoring their cheques are their essential functions...
Sunday, July 28, 2019
Difference between Cheque vs Bill of Exchange
Before analyzing the difference between Cheque and Bill of
Exchange, let us understand the definition of both the terms to show some light
on it.
According to Section 6 of the Negotiable Instruments Act,
“Cheque is a bill of exchange drawn on a specified banker and not expressed to
be payable otherwise than on demand”.
According to Section 5 of the Negotiable Instruments...
Sunday, July 7, 2019
Highlights of Union Budget 2019-20
Finance Minister Smt. Nirmala Sitharaman presented the maiden budget 2019-20 of newly formed Modi 2.0 government on Friday 5th Jul 2019 which was good for middle class.
She mentioned the budget was presented with 10 years vision in mind. Below are the 16 key takeaways and highlights of Union Budget 2019-20:
1) Indian Economy to achieve 3 Trillion Dollar Economy by 2019-20 and most likely to achieve as 5 Trillion Economy in few years....
