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Guidelines for Auditors
Vouching of Cash Receipts The debit side of cash book shows opening balance, cash sales, receipts from debtors, income from interest, dividend, rental income, commission received, subscriptions, sale of …
Guidelines for Auditors
Audit of Clubs – Guidelines to Auditors 1. General Consideration in Club Audit a. Constitution A club is constituted as a company limited by guarantee. So provisions of Companies …
Auditing
The term depreciation is derived from the Latin word depretium. Split into “de” and “pretium” de means decline and pretium means price. So, the literal meaning of depreciation is …
Business Economics
The greatest bane and perhaps the greatest defect of the present economic order is inequalities of income. It is often seen that the incomes of different individuals differ. Though …
Business Economics
Significance of National Income Data National income data are of utmost importance for the economy of any country primarily because national income is the most dependable indicator of a …
Business Economics
What are the Causes of Inflation? Inflation in an economy can be caused by excess demand or by reduction in the supply of goods and services or by monetary …
Business Economics
Degrees (or) Types of Inflation Inflation is of different types. The following are the various types of inflation. These types of inflation are classified on different basis: 1. Inflation …
Business Economics
What is Public Expenditure? Public expenditure refers to expenditure of the government. In the past, the subject of public expenditure was neglected because the expenditure of the government was …
Business Economics
What is Taxable Capacity? Taxable capacity is a much debated concept. It refers to the maximum capacity that a country can contribute by the way of taxation both in …
Business Economics
Advantages of International Trade 1. Advantages of specialization and division of labour It is beneficial in several respects. Important advantage is the division of labour and the consequent specialization. …
