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Showing posts with the label Source documents of Accounting

HUMAN RESOURCE MANAGEMENT, OBJECTIVE AND SCOPEOF HRM

  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 FOR ACCOUNTING

  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. I...