Human resource management is concerned with the "people" dimension in the management. Human resource management means the management of people within an organization . Since,every organization is made up of people, acquiring their services, developing their skills, motivating them to higher level of performance and ensuring that they continue to maintain their commitment to the organization are essential to achieve organizational objectives. Those organization that are able to acquire ,develop ,stimulate and keep outstanding workers will be both effective and efficient. Those organizations that are ineffective or inefficient risk the hazards of stagnating or going out of business. Human resource does creates organization and makes them survive and prosper. If human resources are neglected or mismanaged, the organization is unlikely to do well. "Human resource management is the field of management which has to do with planning organizing and controlling the func...
SOURCE DOCUMENTS
Source documents are written documents which contain detail of the transactions and prepared at the time when transactions takes place. These supporting documents are the evidences of business transactions which provide information about the nature of a transactions, parties involved, date and the amount involved in it.
Now a days these documents do not necessarily need to be a physical hard copy - they may be in a traceable electronic form.
A source documents is also used by companies as a proof ,when dealing with their business partners, usually in regards to a payment. These documents are required for audit and tax assessments. They are also serve as the legal evidence in case of a dispute. The following are the most common source documents
1. CASH MEMO
When we purchased goods for cash,we received a cash memo . Detail regarding the items, quantity, rate and the total price is mentioned in the cash memo
2. INVOICE AND BILL
When a trader sells goods on credit, he prepares a sale invoice which contains the name of the party to whom goods are sold, the rate,quantity, and the total amount of sales.
3. DEBIT NOTE
When we return goods to supplier due to any reason then we prepare debit note and send it to the suppliers with the returned good. It contains date of transaction, the name of accounts which is debited, the amounts and reasons for debit.
4. CREDIT NOTE
When we returned goods to the suppliers, suppliers, we receive a credit note from suppliers. A duplicate copy of the credit note is retained for record purpose.
5. PAY - IN - SLIP
This form is used to deposit money in the bank. Each Pay - In - Slip has a counterfoil which is returns to the depositors duly signed by cashiers of the bank.
6. VOUCHERS
Vouchers are prepared on the basis of source documents . Vouchers are printed separately by all the firms in their own names. A separate vouchers are prepared for each transaction and it specifies the account to be debited and credited.
TYPES OF VOUCHERS
1. Cash Vouchers - these vouchers are prepared for cash transactions . These are of two types
Debit Vouchers for cash payments
Credit Vouchers for cash receipts
2. Non - cash Vouchers
These Vouchers are prepared for non - cash transactions. Such as
Credit sale or purchase of goods
Providing depreciation
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