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CommerceMates
  • Notes
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Month: May 2020

Internal & External Users of Accounting Information

Users of Accounting Information Accounting information provides the data for analysis to different users for their decisions making. These users …

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Objectives and Importance of Banking

Meaning of Banking Banking is a business activity which involves accepting money from public in the form of deposits and …

Read moreObjectives and Importance of Banking

Derivatives: Functions, Types, Advantages, and Disadvantages

Meaning of Derivatives Derivatives are financial instruments used for trading in the market whose value is dependent upon one or …

Read moreDerivatives: Functions, Types, Advantages, and Disadvantages

Characteristics and Challenges of an Auditor

Meaning of an Auditor Auditors are professional who are authorized to check accuracy of financial books of accounts of business. …

Read moreCharacteristics and Challenges of an Auditor

Types and Objectives of Business Combination

Meaning of Business Combination Business communication refers to the combination of two or more independent businesses for attaining same objective. This …

Read moreTypes and Objectives of Business Combination

Scope of Inventory Management

Meaning of Inventory Management Inventory management is a process of tracking the products. This includes all the inventory management until …

Read moreScope of Inventory Management

Importance and Characteristics of Group

Meaning of Group A group is a collection of two or more people, those are working together, exchanging ideas. the …

Read moreImportance and Characteristics of Group

Impact of Coronavirus on Indian Economy

Impact of Coronavirus on Indian Economy Coronavirus (COVID-19) is an infectious disease which has emerged in Wuhan city of China …

Read moreImpact of Coronavirus on Indian Economy

Nature, Scope, and Objectives of GST (Goods and Services Tax)

Meaning of GST GST (Goods and Service Tax) is an indirect tax which was launched by Prime Minister Modi on …

Read moreNature, Scope, and Objectives of GST (Goods and Services Tax)

Advantages and Disadvantages of Standard Costing

Meaning of Standard Costing According to the Chartered Institute of Management Accountants. Standard Costing is “the preparation and use of …

Read moreAdvantages and Disadvantages of Standard Costing

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