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Fuse Bulb in Education

>> March 24, 2015

"Fuse Bulb in Education" is the term which has been discovered by me. According to me, a students got all the education from big college and universities and still are  unemployed. Such students are called fuse bulb.
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Accounting Treatment of Direct Expenses

>> March 19, 2015

In cost accounting, direct expenses are the part of prime cost. For calculating the prime cost, we add direct material cost, direct labor cost and direct expenses. Before understanding the accounting treatment of direct expenses, once again, you should understand direct expenses.
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Remedial Measures for Labour Turnover

In cost accounting, we study the remedial measures for labor turnover after its calculation. More labor turnover rate will increase the labor cost of company's products. Due to this, overall cost of production will increase. In end, we will fail to fix competitive sale price in the market.
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Payroll Procedures

>> March 16, 2015

When employer pays salaries to his or her employees, it effects many parties like employees, business and government. So, it is very necessary to follow a good and defined procedure of payroll. With this, we can save our time, energy and money from errors in it and then its rectification.
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Planning and Control of Capital Expenditure

>> March 14, 2015

Because capital expenditure is used for buying long term and fixed assets, so, this type of investment needs proper planning and control. If there is no planning and control, we will take wrong decisions and our this investment will become wasted assets which will have no market value.
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Accounting and Control of Wastage, Spoilage and Defectives

>> March 13, 2015

Wastage, spoilage and defectives are the loss of business. Before explaining their accounting treatment, we should explain the meaning of wastage, spoilage and defectives.
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Receipt

>> March 11, 2015

Receipt is accounting source document. It is the proof that party has received the goods or payment. When there is short payments are done by employee for getting the service for business, employee has to make a simple receipt and gets original signature on same receipt. With this, it becomes the proof of valid payment to valid party.
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How to Focus on Studying

>> March 10, 2015

Before learning the steps of focus on studying, you should know what is focus. Focus is central point of your interest and activities. I can explain the focus with my life's simple example.
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How to Behave with Your Teacher

>> March 9, 2015

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.
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Bill and Hold

>> March 6, 2015

Bill and hold transaction is important transaction which can inflate the income of any businessman who sell goods to his customer. So, you should understand what is this. Bill and hold is that business transaction in which customer buys goods or service  from his vendor. Seller gets its price and under agreement, he does not deliver the goods to the customer.
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Activity Based Costing Example

>> March 5, 2015

Activity based costing is one of method of costing which is used for finding the exact cost of any product because in this method, we calculate the overhead cost on the basis of each activity on each product. With following example, you can understand it.
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Asset Liability Modeling for Pension Funds

>> March 3, 2015

From few days, I am thinking to give pension to my all full time and part time employees. An age of my 34 years, I have started to earn Rs. 10,000 as pension from my business. If I do not write today, I will get Rs. 10,000 every month without working.
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Financial Assets Examples

>> March 2, 2015

Before learning the examples of financial assets, you should know the meaning of financial assets. Financial asset is not physical asset. It is the part of intangible assets. These assets comes into contractual claims. Following are its Main Example.
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How to Understand Mutual Funds

>> March 1, 2015

If you want to invest your money in mutual funds, you have to understand the mutual funds. In simple words, mutual funds are share capital but this capital is not invested by you but professional mutual fund manager. When you invest your money in mutual funds, your all money will go to fund manager.
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Why is Whole World My Family

>> February 27, 2015

Yesterday, my one facebook friend has published a thought on his wall. Its words were, " You are the person of whole world. But your family, you are whole family." It hit my feelings. I could not understand why he published this wrong statement. I wrote the comment below this. But today, I saw, he removed.
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How to Create Repeating Journal Entries

>> February 25, 2015

Before knowing the creation of repeating journal entries, you should understand what are the repeating journal entries. Repeating journal entries are those which are relating to the expenses or revenue. We pay same or different amount every month or we receive same or different amount every month as revenue. So, we need to pass repeating journal entries.
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Asset Liability Mismatch Example

>> February 23, 2015

In accounting, asset liability mismatch means balance sheet's asset is not matching with its liability. Either total assets may be more or less than its total liabilities.
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Why should I Leave My Job

>> February 17, 2015

I think, job is special type school where you learn practical skills and also get some good experience which is impossible in school, college and university. But it will will be the foolish idea, you will learn all the type but do not do practical.
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How to Convert Earned Income to Passive Income

>> February 16, 2015

In the area of accounting, there are three main incomes. One is earned income, second is passive income and third is portfolio income. Portfolio income is the part of passive income. So, two incomes are main one is earned income and second is passive income.
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Productivity Tools for Accountants

Productivity is to do quality work within short period of time. As accountant, you may find lots of tools which increases your productivity. Here is the list of some productivity tools for accountants. I think, you can do without all these tools.
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