Points of Difference Book-keeping Accounting Objective The objective of book-keeping is to prepare original books of accounts. It is restricted to the journal, subsidiary books, and ledger accounts only. The objective of accounting is to record, analyze, and interpret business transactions. Scope It has limited scope and is concerned with the recording of business …
It is necessary to define the subject which we want to study. definition of a subject facilitates the understanding of its meaning, nature, characteristics, and limitations. Therefore. it is necessary to begin the study of economics with its definition.but it is difficult the economists are divided on the question of the definition of economics, “Political …
In the broadest sense of the word, the definition of research includes any gathering of data, information, and facts for the advancement of knowledge. Reading a factual book of any sort is a kind of research. The internet or watching the news is also a type of research. Science does not use this world in …
Statistics is a branch of a scientific method comprising of collection, presentation, analysis, and interpretation of data which are obtained by measuring some characteristics. However, the word statistics is used in both singular and plural forms. For example:- , statistics is now taught in various discipline this is singular sense, whereas the statistics of industrial …
Principles of management are the function of an industrial undertaking that organizes, directs, and controls various activities of the enterprise directed towards specific ends ( objective). ‘Principles of management ‘ implies a list of current management practices, Through F.W.Taylor developed principles of Management, Credits to Henry Fayol, a French management theorist for advocating and publishing …
Human resource management is a management function concerned with hiring, motivating, and manufacturing people in an organisation. It focuses in people in organisations. Human Resource Management (HRM) is a management function that helps managers’ recruit, select, train and develop members for an organisation. Obviously, HRM is concerned with the people’s dimension in organisations. We quote …
The financial manager has now become an integral part of the business enterprise and is involved in all the activities that take place in the enterprise. Today . his responsibility is not limited to the procurement of funds but extends beyond. it ensures its optimal utilization. He plays a pivotal role in planning quantum and …
