BASIC COMMERCE

After ascertaining the gross profit the businessman will be interested to know the net result of business (I.e, net profit or net loss), at the end of the accounting period. Profit and loss account is prepared for this purpose. 

 Trading means mere buying and selling of goods. Trading account is prepared to know the trading result during an accounting period. The trading result may be either gross profit or gross loss. It is the difference between sales and cost of good sold. If the sales exceed the cost of good solds, the difference is gross profit. On the other hand, if the cost of good sold exceeds the sales, the difference is gross loss. 

  A computerised accounting system is  an accounting information system that processes the financial transactions and events as  per Generally Accepted Accounting Principles (GAAP) to produce reports as per user requirements. ... First, it has to work under a set of well-defined concepts called accounting principles.

Tally is an ERP accounting software package used for recording day to day business data of a company. For example each every accounting works done through computer. And Tally many versions of software are available...The latest version of Tally is Tally ERP 9.

Office automation system is the tool that enables data to move from one system to another on its own without human intervention and inaccuracies. These tools help organizations collect, manage, and analyze securely to accomplish everyday tasks and processes.

General Informatics is an Information Technology firm with a mission - to make our clients even more successful through the best use of technology. We strengthen our Clients' team and amplify core business process outcomes without the cost of additional FTEs.

L aw is a system of rules created and enforced through social or governmental institutions to regulate behavior, with its precise definition a matter of longstanding debate. It has been variously described as a science and the art of justice.  

Management is the coordination and administration of tasks to achieve a goal. Such administration activities include setting the organization's strategy and coordinating the efforts of staff to accomplish these objectives through the application of available resources.

Digital marketing is the use of the Internet, mobile devices, social media, search engines, and other channels to reach consumers. Some marketing experts consider digital marketing to be an entirely new endeavor that requires a new way of approaching customers and new ways of understanding how customers behave compared to traditional marketing.

E-commerce , also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. Ecommerce is often used to refer to the sale of physical products online, but it can also describe any kind of commercial transaction that is facilitated through the internet.

Corporate law is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations.

Protection against loss for which you pay a certain sum periodically in exchange for a guarantee that you'll be compensated under stipulated conditions for any specified loss by fire, accident, death, etc

Auditing is done by the independent person or body of persons qualified for the job with the help of statements, papers, information and comments received from the authorities so that the examiner can confirm the authenticity of financial accounts prepared for a fixed term and report.

Marketing means the  action or business of promoting and selling products or services, including market research and advertising.

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit.. They offer savings accounts, certificates of deposit, and checking accounts. Banks use these deposits to make loans. These loans include home mortgages, business loans, and car loans.

Entrepreneurship development is the process of improving the skills and knowledge of entrepreneurs through various training and classroom programs. The whole point of entrepreneurship development is to increase the number of entrepreneurs.

Tax is to run a nation judiciously, the government needs to collect tax from the eligible citizens; paying taxes to the local government is an integral part of everyone’s life, no matter where we live in the world. Now, taxes can be collected in any form such as state taxes, central government taxes, direct taxes, indirect taxes, and much more.

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.

Business studies  is the study of economics and management. It is the study of subjects connected with money and managing a  business.