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Are you pursuing a Bachelor of Business Administration (BBA) or Bachelor of Commerce (BCom)? This channel is your one-stop destination for mastering business concepts, scoring high in exams, and building a strong academic foundation.
Related to individuals, firms, companies. Rule: Debit the receiver, Credit the giver.
Related to assets and properties. Rule: Debit what comes in, Credit what goes out.
Related to expenses, losses, incomes, and gains. Rule: Debit all expenses and losses, Credit all incomes and gains
Personal Account
Debit:- Receiver
Credit:-Giver
Real Account
Debit:- What comes in
Credit:-What goes out
Nominal Account
Debit:- All expenses and losses
Credit:- All incomes and gains
Sub Topic :-
1) Reserve,
2) General Reserve,
1) Meaning of Financial Management
2) Objectives of Financial Management
3) Importance of Financial Management
4) Scope of Financial Management
5) Financial Function
6) Classification of Financial Function
7) Organization of Financial Function
8) Status and Duties of a Financial Manager
9) Concept of Financial Management