Why are Profit Reconciliation Accounts prepared? The very purpose of maintaining financial accounts is the ascertainment of profit or loss for a specific period and also to know
Advantages of Contract Account The followings are the advantages of contract account. 1. Work can be completed without any delay. 2. A contractor can find the total cost
Weaknesses and Shortcomings of M.B.O There are several weaknesses of the system, such as: 1. The effectiveness of M.B.O system depends on top management support, for objectives and
What are the determinants of Vertical Integration in Business? It goes without saying that integration policy if properly designed and adopted, can yield high profitability. But whether the
Characteristics of Business Cycle The business cycle occurs periodically in a wave-like fashion with varying magnitude affecting not only the entire economy of the country but also making
When and why were District Industries Centres initiated? The industrial Policy 1977 contained the concept of District Industries Centres (DIC). DIC program was initiated on 1st May 1978
Competitive Advantages of Information Technology in Retailing 1. Automating processes Automating a process render many advantages to the retailers. It reduces costs, increases accuracy, reduces processing times, enables
Step-by-step approach / Important stages in starting a new venture An enterprise also means an undertaking, a business firm or venture. Here is a step-by-step approach for starting
Control of RBI Over Non-Banking Financial Companies The RBI can function effectively and implement its fiscal and monetary policies only when the NBFCs are brought under its control.
Guidelines for Effective Problem Resolution 1. Admit mistakes and do not be defensive: Acting defensively may suggest that the organization has something to hide or is unwilling to