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Introduction to Business Law Unit 1 Bcom Final year GFGC GBD

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                                                                  Introduction to Business Law  The law affects every aspect of our lives; it governs our conduct from the cradle to the grave and its influence even extends from before our birth to after our death.  Law is essential to any society in that it provides the rules by which people and businesses interact. Law affects almost every function and area of business.                                                                        What is Law?   The law is a set of rules, enforceable by the courts, which regulate the government of the state and govern the relationship between the state and its citizens and between one citizen and another. OR Rules made by authority for the proper regulation of a community or society, or for correct conduct in life.  Nature of Law  ¶ Law is, at one and the same time, essentially authoritative and essentially ideal.  ¶ Law necessarily comprises both a real or factual and an ideal or critical d

CONSIGNMENT ACCOUNTS Unit 1 Second Sem BCom 21-22GFGC GBD

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  Module: 1 - CONSIGNMENT ACCOUNTS 14 Hrs Consignment - Introduction & Meaning; Consignor & Consignee; Goods Invoiced at Cost Price; Goods Invoiced at Selling Price; Normal Loss & Abnormal Loss; Valuation of Stock; Stock Reserve; Journal Entries & Ledger Accounts in the books of Consignor and Consignee  What is Consignment Accounting? Consignment accounting is a type of business arrangement in which one person sends goods to another person for sale on his behalf, and the person who sends goods is called the consignor. Another person who receives the goods is called the consignee; where the consignee sells the goods on behalf of the consignor on consideration of a certain percentage on sale.   Explanation In Consignment, goods are left in the hands of an authorized third party called the consignee for sale on behalf of the consignor. Ownership of goods remains in the hands of  the consignor . The agreement made between the consignor and consignee is for a smooth flow

Time sense and management tips to the students

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  Time Management Tips for Busy College Students April 19, 2018  |  Purdue University Global Time is a finite resource. Balancing responsibilities at your job, home, and school is not easy. No matter what, you’re always left with the same 24 hours in a day to check items off to-do lists, spend time with family and friends, and unwind. By planning ahead and using your time wisely, you’ll be able to accomplish more and enjoy added free time. Follow these eight time management tips and strategies to ensure that you meet deadlines, are well prepared for exams, and have time for yourself while pursuing a  college degree . 1. Identify Time-Wasters and Set Goals It’s easy to get distracted. Pay attention to what draws your focus away from your studies and assignments. Are you spending too much time checking social media? Are you prone to texting and answering personal phone calls while studying? Do you find that a lot of time has passed while you aimlessly browse the web? No matter what is wa

How Students and Teachers should behave? Read both to accelerate growth..

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  How to Behave with Your Teacher  0 Recently, I have taken the test of my two old students. Test was of checking their behavior. You know, I always stress on moral ethics in education. There is not any success of teacher if he will not generate moral ethics in students. So, before explaining the steps of good behavior with teacher, I am explaining my test story. Few days ago, I gave a great offer to my old students who are 12th pass. I told, I will give Rs. 5000 pension at the end of every month if they will do 12 hours free duty of my  business  for 12 months. At that time, both were agree for 10 hours but I was saying of 12 hours. So, I went their home. After 3 days, I went to their home, both were agree with my offer. But, I was not agree because offer was valid 3 days ago. When they had listened these words, they were saying, " I am backing out of my words. I was speaking lie." But it was totally my test. It is the checking of behavior of students. I gave small greed and

How to learn, unlearn, and relearn? For students

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  STARTING Growing you How to learn, unlearn, and relearn? Unlearn:   To discard (something learned, especially false or outdated information) from one's memory.   Relearn:   To learn (something) again. The world we are living in is fast and dynamic, where change remains the only constant thing. So, to change,   what is important is the attitude to learn. Alvin Toffler   is credited for saying:   “The illiterate of the 21st century will not be those who cannot read and write but those who cannot learn, unlearn and relearn" .    A new year often heralds a host of exciting changes: resolutions, renewed hope, and, most importantly, new opportunities to learn. Few things excite us more than lifelong learning. However, the global lockdown outlook has made us to rethink. While they say you learn something new every day, if current trends continue, the post lockdown might be the era of unlearning. For many of us, this will sound immediately counterintuitive. Unlearning. It just feels