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...
PERSONAL ACCOUNTS The accounts which relate to an individual, firm,company or an institution are personal accounts. For example, account of Harish, account of RCM Ltd, bank account,capital account etc. RULE OF PERSONAL ACCOUNT RULE:- Debit the Receiver Credit the Giver We can say that the person who receives something from the business, debit that person's accounts and the person who give something to the business, credit that person's accounts. EXAMPLE ● Cash recieved from Moni The entry will be :- Cash A/c To Moni (credit the giver) ● Cash paid to Moni The entry will be:- Moni (debit the receiver) To cash A/c NEED OF PREPARING PERSONAL ACCOUNTS Personal accounts is maintained to know the amount to be paid and amount to be received from personal accounts. REAL ACCOUNTS The accounts of all those things whose values can be measured in terms ...
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