What is Contra entry? Examples
Contra entry is the entry which same account can be debited and credited in contrary situation. Ex: we debit bank account when depositing cash. At… Read More »What is Contra entry? Examples
Management Materials
Cash Book: Types of Cash Books
Cash book is a book of original entry in which all the business transactions relating to cash receipts and payments are recorded in chronological order.… Read More »Cash Book: Types of Cash Books
Bank Reconciliation Statement
Bank Reconciliation Statement is a process, That explains the difference on a specified date between the bank balance shown in an organization’s bank statement, as… Read More »Bank Reconciliation Statement
What is Accounting? Components of Accounting
Accounting is the recording of financial transactions along with storing, Sorting, Retrieving, Summarizing, and presenting the results in various reports and analyses. Accounting is also… Read More »What is Accounting? Components of Accounting
Statuary Welfare and Non-Statutory welfare schemes
Statuary Welfare Benefits The following are statutory welfare benefits schemes may include: Drinking Water: At all the working places safe hygienic drinking water should be provided.… Read More »Statuary Welfare and Non-Statutory welfare schemes
Statutory Benefits in India
The employee welfare schemes can be classified into two categories they are Statutory benefits and non-Statutory welfare schemes. The statutory schemes are those schemes that… Read More »Statutory Benefits in India
Orientation: Employee Orientation
Orientation is the planned introduction of new employees to their jobs, co-workers, and the organization. However, It should not be a mechanical, one-way process. Because all… Read More »Orientation: Employee Orientation
Need for Affiliation
Affiliation is a term that was popularized by David McClelland and describes a person’s need to feel a sense of involvement and “belonging” within a social group, McClellend’s thinking was… Read More »Need for Affiliation
Job Analysis
Meaning and Definition of Job Analysis According to Jones and Decothis___”Job analysis is the process of getting information about jobs: specially, what the worker does;… Read More »Job Analysis
Performance Counseling and Process
What is Performance Counseling? Performance counseling is very important for employees to know the level of their performance and the area in which they need… Read More »Performance Counseling and Process