29Oct 2018 by admin

10 Most Important Objectives of Accounting?

Accounting
Accounting can be defined as the systematic recording, reporting of financial transactions of a business and a person who manages the accounts of any company or financial institution is called an accountant.The main purpose of accounting is to allow a company to analyze its statistical data’s and prepare its financial accounts.There are certain objectives of accounting. They are the following: I. To Maintain Systematic Records: ADVERTISEMENTS: Accounting keeps the systematic records of all the financial transactions of a company or any financial institution. Proper decision making and analysis of profits are impossible if records are not maintained systematically in a company. Even tracking previous transactions or remembering the minute detail of a transaction would be impossible without maintaining these records. II. Estimating Profit and Loss: It is impossible to estimate…
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29Oct 2018 by admin

Problem of Rising Prices in India – Essay

Industry
Out of the many problems that are facing India, the problem of rising prices is the most intricate. Although it is affecting universally, yet it has rendered the life of the poor impossible to pull on and the number of poor in India is far greater than the rich. So it is the problem of the whole country.Prices of all commodities are rising almost daily. For what you buy a commodity today, you cannot have it on the same price a few days after. The hardest hit on this problem is the salaried class. The businessmen and the traders meet out the problem of dearness by earning larger profits. Image Source: patrontechnology.com ADVERTISEMENTS: The labour class too charges high wages and has a low standard of living, so they, too,…
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29Oct 2018 by admin

6 Biggest Steel Plants in India (Public)

Industry
The Steel Plants that comes under the Public Sector of India are mentioned below: Steel Plants 1. Visakhapatnam Steel Plant (Andhra): The Union Cabinet, in June 1979, approved an investment of Rs. 3,897 crores for setting up a 3.4 million tonne public sector steel plant at Visakhapatnam in collaboration with the erstwhile USSR. It was the first integrated steel project to be set up in the southern region. ADVERTISEMENTS: Many modern technological features have been incorporated in the design of VSP e.g., seven metre tall coke-oven batteries with dry quenching facilities, bigger blast furnace of 3,200 cubic metres, cent per cent continuous casting facilities etc. The plant produces wire rods, billets, universal beams, light and medium steel products and granulated slag. 2. Rourkela Plant (Orissa): Set up by the Government…
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29Oct 2018 by admin

How to Write a Letter on Opening of a Branch?

Management
Dear (Name),We are pleased to announce the opening of our new branch at ____________ (Place Name) in view of the increasing demand of our customers and to deliver prompt and speedy service to all our patrons. We thank you for your continued support and business and look forward to your patronage in the future also. You are cordially invited to the inaugural ceremony on ____________ (Date) at (Time) with family and friends. The staff and management of Diamond Books forever endeavours to serve you better.With Best Compliments, Yours faithfully, (Your Name) Image Source: xtraspace.co.za Sample Sentences A. Announce the opening 1. We feel great pleasure to announce the opening of a new branch at above address on next Monday morning at ____________ (Time).2. We are happy to inform you that…
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29Oct 2018 by admin

How to Write a Circular Letter to the Staff Members for Ensuring Punctuality?

Management
This has been noticed off late that the Staff members have made it a habit to arrive late to the office. While the office is scheduled to start at ____________ (Time), it is generally by ____________ (Time) that the staff walks in. Thereafter they stand and gossip at the reception and take another half-an-hour to settle down to work.With growing incidences of indiscipline and loss of official time; it has been decided to enforce the office timings strictly. All staff members are required to report sharp at ____________ (Time) and duly sign the attendance register. If however, any person comes to the office after ____________ (Time) he/she shall get a red mark and on 3 red marks, one day’s salary shall be deducted. Image Source: cdn.publishyourarticles.net ADVERTISEMENTS: This is to…
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28Oct 2018 by admin

Learn How to Draft Circular Letters (11 Examples)

Management
Amazing Collection of 11 Examples to Help You to Draft Better Circular Letters! Read circular letters on: 1. Circular for non-payment of fees 2. Circular for Independence Day Celebrations 3. Circular Regarding Better Services 4. Circular Regarding an Errant Employee 5. Circular Regarding an Appointment in the Organisation 6. Circular Regarding Retirement 7. Circular Regarding Promotion 8. Circular Regarding the Closure of Showroom 9. Circular Regarding Condolence 10. Circular Regarding Pool Conveyance 11. Circular Regarding Relief Measures. 1. Circular for non-payment of fees (Date)It is hereby notified to all the students of MPS, that keep­ing in view of the late submission of fees by majority of the students, a penalty of Rs ____________ (Amount) per day will be levied, in case of failure to deposit fees by the ____________ (Date)…
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28Oct 2018 by admin

Huge Collection of Circular Letters for Students (9 samples)

Business
Read Circular Letters on: 1. Circular on Appreciation for Work 2. Circular Inviting Fixed Deposit 3. Circular from Transport Company 4. Circular from Transport Co. for Business 5. Circular for Independence Day Celebrations 6. Circular about V.C.R. 7. A Sample Tender Circular 8. Sample Circular Regarding Office Timings 9. Sample Circular to Save Electricity. 1. Circular on Appreciation for Work (Company Name) (Address) (Date) Circular No. ____________The company management wishes to convey its heartfelt appreciation to the staff of our organization for the special effort shown during the ‘public relations’ week last month. ADVERTISEMENTS: Everyone was very co-operative in going to the clients and impressing upon them the quality of our goods.This has resulted in a net profit hike of ____________% in one month. Thus, the company has decided to…
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28Oct 2018 by admin

How to Write an Enquiry Letter to a Manufacturer? – Answered!

Marketing
To (Company Name) (Address)Sirs,We take the pleasure in informing your good selves that we are one of the major manufacturers of plastic prod­ucts in the country and enjoy a good market reputation in the trade circle. We have been in the market for the last ____________ (Years). Plastic products are catching up rapidly with more and more people preferring plastic products. Keeping this in view, we are planning to increase our production capacities by installing ____________ (No. of Machines) additional ma­chines. Image Source: faireducationpoint.com ADVERTISEMENTS: We came across your products at the ____________ (Company Name & Address) which we really appreciated. We also have Import License as actual users. You are therefore requested to kindly send an illustrative catalogue of your latest machines of different varieties. Along with it kindly…
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28Oct 2018 by admin

How to Write a Warning Letter Regarding No Payment of Dues?

Management
Dear Sir,We regret that no reply is received to our letter ____________ (Days). We are unable to understand the reason for your silence and non-payment. Our representative tried to meet you in ____________ (Address), on ____________ (Date) but in vain.We again ask you to make the payment of ____________ (Amount), within a week from the date of this letter. Failure to do so shall compel us to take legal action. In case the matter is handed over to our lawyer, you shall be responsible for all the costs and consequences. Image Source: holmes-hills.co.uk ADVERTISEMENTS: We hope you will pay heed to the matter and arrange to send the money within a week.Yours faithfully, (Your Name) (Company Name)Dear (Name), ADVERTISEMENTS: Please regard this as an application for the position of Customer…
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28Oct 2018 by admin

How to Write Reminder Letters for the Settlement of Accounts? – Answered!

Business
1. Reminder to Settle the Account Dear Sir,Our Auditors have drawn my attention to your account which still remains unsettled in spite of the fact that it is now considerably overdue. It seems the enclosed account has escaped your notice.Therefore, we request you to settle the account at the earliest as I have a heavy bill to meet and have no alternative at present. In case you find the enclosed statement of account incorrect, or you have any complaints to make, please inform us immediately, so we may do our best to settle them. Image Source: cdn2.hubspot.net 2. Another Example ADVERTISEMENTS: Dear Sirs,We don’t know whether the enclosed statement of account amounting to ____________ (Amount) has escaped your notice, or its payment is being temporarily withheld for some specific reason.If…
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