Showing posts from October, 2016
Communication is the life blood of business. It is an all pervasive function of management. Today the organizational structure is designed on the basis of specialization and division of labour. Large number of people work togethe…
Meaning of the term “Communication” The term communication is derived from a Latin word „communis‟ which means common. This means establishing a common ground. Now whatever is common is shared by all. But what is that whi…
Just like that last mango bar back in the early 90s the answers to why the industry is underperforming aren’t on the surface. There hiding beneath numbers. FY-2011 the per capita ice cream consumption around the world lo…
In Tally ERP 9 Functioning the below option we can compare the cash flows and get the information about the changes in are of cash receipts and cash payments. 1. Verification of negative, highest & lowest cash balance. Gatew…
Economic order quantity may be defined as that quantity of purchase which minimizes material order cost and material carrying cost. When purchase department orders for purchase, he thinks very deeply before such order. He is inte…
Which leadership style is best or which to choose? Different scholar makes different suggestions in this regard. However, widely known for their effective management practices the Japanese favour participative leadership style. I…
The term Leadership style refers to the pattern of behaviour, which a leader adopts in directing behaviour of the followers towards the attainment of organizational goals. From another viewpoint, leadership style is the position …
Qualification of a Company Auditor: According to Section 226(1) and 226(2) of the Companies Act, the prescribed qualifications of an auditor are as follows: Qualification [sec226 (1)]: 1. The auditor of a co. may be either, an i…
Store Ledger: Store ledger is a document showing the quantity and value of materials received, issued and in balance at the end. One stores ledger is allotted to each component of material. Entries are made in this ledger by the…
Purchase procedure differs from business to business, but all of them follow a general pattern or procedure. There should be proper Purchase Procedure to ensure that right type of material is purchased at right time, in right qua…
Leadership styles focus on the behaviour pattern exhibited by a leader during supervision of the subordinates. On the other hand, who will emerge an effective leader? Or how effective a leadership style will be? such questions ar…
Leadership is the process of influencing the behaviour of others towards the attainment of desired goal or purpose in given circumstances. Leadership is a tool to get the desired work done through employees or subordinates. Leade…
Behavioural science approach is an improvement over the human relations thinking. This may be explained in the following ways: 1. Areas of Study The human relations movement kept it limited to the study of psychological needs of …
A trade mark is defined as any sign, as any combination of sign, inherently capable of distinguish the goods or service of one undertaking. Trade marks may be a combination of words, letters, and numerals. They may consist of dra…
Under section 2(14), property of any kind whether movable assets, immovable assets, tangible-intangible assets, incorporated rights, held by any assessee, is a capital asset for the purpose of Income Tax Act. However, the followi…
Capital gain is the gain which arises from the transfer of a capital asset. Any profit or gain, which arises during a previous year, is chargeable under the head "capital gains" under Section 45. For a gain to be charge…
The Great Gatsby is a story told by Nick Carraway, who was once Gatsby's neighbor, and he tells the story sometime after 1922, when the incidents that fill the book take place. As the story opens, Nick has just moved fr…
A Cash Flow Statement is similar to the Funds Flow Statement, but while preparing funds flow statement all the current assets and current liabilities are taken into consideration. But in a cash flow statement only sources and app…
The Behavioural approach concerns itself with the social and psychological aspects of human behaviour in organization. The behaviour of members of an organization clearly affects both its structure and its functioning as well as …
In simple words, a system may be defined as a set a interrelated and interdependent parts forming an organized unit or entity. These parts are known as sub-systems which interact with each other and are subject to change. They ar…
Among all the contemporary management thinkers, Peter Drucker outshines all. He has varied experience and background of psychology, sociology, law, and journalism. He has developed an insight of managerial problems. He has writte…
Chester Barnard’s contribution to management is important. His book ‘The Functions of the Executive’ is the most influential book on the management during the pre-modern management era. He analyzed management as a social system. …
Short Notes on: 1. Exempted House Property Income 2. Deemed Ownership 3. Unrealised rent and its Treatment 4. Property owned by co-owners 5. Dispute about ownership 6. Deduction of Municipal tax 1. Properties exempted from …
