Param Commerce Point

P*P brings you an exclusively designed free Demo workshop for learning Accounts and Economics. 📚🤓
Here you can understand the basic concepts of Accounts and Economics with new and interesting methods .

Join us on 11th of July
From 9.30 - 11 Am.

https://www.facebook.com/Param-Commerce-Point-498231610593233/

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This workshop will be for the students of 11th standard
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Param Commerce Point Basic concepts of Commerce & Accountancy are used in practical aspects through out .Essentially to strengthen the basics with practice P*P is striving hard

A ledger is collections of an entire group of similar accounts in double-entry bookkeeping. Also called book of final entry, a ledger records classified and summarized financial information from journals (the 'books of first entry') as debits and credits, and shows their current balances. In manual accounting systems, a ledger is usually a loose leaf binder with a separate page for each ledger account. In computerized systems, it consists of interlinked digital files, but follows the same accounting principles as the manual system.

It is important that you keep great records in your ledger so that you can always tell well your money is coming from and going to.

*copied....

More about Economics
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Marginal utility is the additional satisfaction a consumer gains from consuming one more unit of a good or service. Marginal utility is an important economic concept because economists use it to determine how much of an item a consumer will buy.

Accountancy is wide and versatile.

-*Subsidiary Books of Account

Also known as special purpose books, special purpose subsidiary books, and subsidiary books of account are various books recording financial transactions of similar nature. They are sub-division of the journal.

During the lifecycle of a business, the volume of transactions in a business may rise to an extent that a single journal may no longer be adequate to keep the books. This is when special purpose books or subsidiary books may be required for more efficient bookkeeping.

Did you know 🤓😉

Economic Planning is the making of major economic decisions. What and how is to be produced and to whom it is to be allocated – by the conscious decision of a determinate authority, on the basis of a comprehensive survey of the economic system as a whole.

Commerce as a stream of education can be defined as a study of trade and business activities such as the exchange of goods and services from producer to final consume

The double entry system of accounting or bookkeeping is based on the fact that each business transaction essentially brings two financial changes in business. These changes are recorded as debits or credits in two or more different accounts using certain rules known as ‘rules of debit and credit’. In double entry system, every debit entry must have a corresponding credit entry and every credit entry must have a corresponding debit entry. It is the basic principle of double entry system and there is no exception to it

Did you know that🤓

The father of accounting was Luca Pacioli.
His book, Summa de Arithmetica, Geometria, Proportioni et Proportionalita, described keeping accounts for assets, liabilities, capital, income, and expenses, much like the systems we use today in balance sheets and income statements.
He advocated the use of ledgers and is known for saying a person should not go to sleep at night until their debits and credits are equal.

Take a look at another intresting subject🤓
‘Secretarial Practice’ includes the knowledge, skills, procedure and methods of work to be performed by a Private Secretary or Office Assistant.
Persons with Secretarial Skills find employment in all types of offices e.g., govt., public or private, different types of agencies etc. located in big and small cities.

Students who are interested to take up the commerce stream should keep in mind that this subject is not an easy alternative as compared to science. Both science and commerce are complex study areas in their own ways and hence no comparisons can be made.
Hence, if a student wishes to pursue the Commerce stream only because they feel that science is not a suitable stream for them, they need to think again about their choice. The Commerce stream should be pursued by students who have an aptitude as well as an avid interest in it.

“Commerce changes the fate and genius of nations.” - Thomas Gray

Learn to understand with P*P🤓

Commerce as a stream of education can be defined as a study of trade and business activities such as the exchange of goods and services from producer to final consumer.👥🔁

Why fear when P*P in here🤓😉
Learning economics is fun📕

Economics is a social science that deals with the study of the production, distribution, and consumption of goods and services.
Economics has two broad branches – micro-economics, where the unit of analysis is the individual agent, such as a household or firm, and macro-economics, where the unit of analysis is an economy as a whole.