Transcript
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Accounting
AFTERSCHOOOL – DEVELOPING CHANGE MAKERS
CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME –
World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship
OPEN FOR ALL FREE FOR ALL
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
AccountingDr. T.K. Jain.
AFTERSCHOOOLCentre for social entrepreneurship
BikanerM: 9414430763
tkjainbkn@yahoo.co.inwww.afterschool.tk
www.afterschoool.tk
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
What is GDP? Gross Domestic Product = this means
total income of a country
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
What is Consumer’s surplus? Excess of utility obtained over the price
paid is called consumer surplus.
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
What is equilibrium of the firm? Where MR = MC, then we call it as
equilibrium of the firm.
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
What is BEP? Break even point. The point of no profit
and no loss. This is the point where we have AR = AC.
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
What is smallest prime number? 2
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
What is smallest natural number? 1
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
What is BRIC? Brazil, Russia, India, China
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
India’s per capita income is approx. ? 500 dollors per annum approx.
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Who is chairman of planning commission ? Prime Minister
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www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
I send goods of Rs. 1 lakh to Mohit. He sells 3/5th of the goods by adding a margin of Rs. 10000. Commission is 2% on sales plus 20% of gross sales less all commission exceeds cost. What is commission? 3/5th of the goods are of Rs. 60000. if
margin of 10000 is added, we have 70000. commission on this is 1400. let us now calculate 20% of gross sales less all cost. Thus is 20 / 120 of 10000 -1400. which is 20/120 of 8600 = 1433. thus total commission amount is 2833. ans.
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
I send 2000 boxes to Rohit at Goa for 120 Rs. Each (invoice price) . Transport expenses are Rs. 5000. 1/5th of the goods are lost in transit and 1/5th (Of remaining) are stolen (normal losses). 1200 boxes have been sold. What is my consignment stock at the end of year? (I send at 20% plus cost) 2000 – (400+320+1200) = 80 80 * 102.5 = 8200 Ans (it has to be taken
at cost only, 100 + (5000/2000)).
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
I sent 300 bales to Ram on consignment. Invoice price 200 (it includes 33% margin). Transport & insruance expenses are 10000. Consignee has spent Rs. 12000 (selling expenses are Rs. 6000). 100 Bales are left out. What is the value of my consignment stock at the end of the year? 200 *100/133 = 150 (cost price) Cost = 150 + (10000/300)+(6000/300) =150+33+20 = 203 per bale. Value =203*100 = 20300 answer. Selling expenses are not taken into cost.
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
I sell goods to Ram at 125% of cost. Commission 10% on Sales and 25% on surplus over IP. 10% goods (IP 12500) were lost. 75% were sold at Rs. 100000, what will be commission payable?
IP = Invoice price Total goods = 125000 (12500*100/10) IP Thus cost of these goods 125000*100/125 =
100000. Sales = 93750 IP. commission = 10000 (10% of sales), plus 25% of (1lakh – 93750) = 25% of 6250= 1562.5
Thus commission =11,562.5
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
We send goods to Ram costing 2 lakh at cost plus 25%. Ram has to sell these at cost + 50%. 4/5th of the goods are sold at prescribed price. Commission = 2%. What is profit in our account?
Cost of 4/5th goods = 160000 Marging 50% = 80000. (sale price = 240000) commission 2% of 240000 = 4800. Profit 80000-4800
=75200 ( here we assume that other goods are still in stock).
If we assume that other goods are sold at cost, then profit = 75200-800= 74,400 .
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
ABOUT AFTERSCHOOOL Afterschoool conducts three year integrated PGPSE (after
class 12th along with IAS / CA / CS) and 18 month PGPSE (Post Graduate Programme in Social Entrepreneurship) along with preparation for CS / CFP / CFA /CMA / FRM. This course is also available online also. It also conducts workshops on social entrepreneurship in schools and colleges all over India – start social entrepreneurship club in your institution today with the help from afterschoool and help us in developing society.
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Why such a programme? To promote people to take up entrepreneurship
and help develop the society To enable people to take up franchising and
other such options to start a business / social development project
To enable people to take up social development as their mission
To enable people to promote spirituality and positive thinking in the world
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Who are our supporters? Afterschoolians, our past beneficiaries,
entrepreneurs and social entrepreneurs are supporting us.
You can also support us – not necessarily by money – but by being promotor of our concept and our ideas.
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
About AFTERSCHOOOL PGPSE – the best programme for developing great entrepreneurs
Most flexible, adaptive but rigorous programme Available in distance learning mode Case study focused- latest cases Industry oriented practical curriculum Designed to make you entrepreneurs – not just an
employee Option to take up part time job – so earn while you
learn The only absolutely free course on internet
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Workshops from AFTERSCHOOOL IIF, Delhi CIPS, Jaipur ICSI Hyderabad Branch Gyan Vihar, Jaipur Apex Institute of Management, Jaipur Aravali Institute of Management, Jodhpur Xavier Institute of Management, Bhubaneshwar Pacific Institute, Udaipur Engineering College, Hyderabad
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Flexible Specialisations: Spiritualising business and society Rural development and transformation HRD and Education, Social Development NGO and voluntary work Investment analysis,microfinance and inclusion Retail sector, BPO, KPO Accounting & Information system (with CA / CS /CMA) Hospital management and Health care Hospitality sector and culture and heritage Other sectors of high growth, high technology and social
relevance
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Salient features: The only programme of its kind (in the whole world) No publicity and low profile course For those who want to achieve success in life – not just a degree Indepth knowledge and expertise Professional approac: World class approach Strong intellectual and business capabilities Flexible – you may stay for a month and continue the rest of the
education by distance mode. / you may attend weekend classes Scholarships for those from poor economic background Latest and constantly changing curriculum – keeping pace with
the time Placement for those who are interested Admissions open throughout the year Latest and most advanced technologies, books and study material
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Components Pedagogy curriculum and approach based on IIM Ahmedabad and ISB
Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad) Meditation, spiritualisation, and self development Essential softwares for business Business plan, Research projects Participation in conferences / seminars Workshops on leadership, team building etc. Written submissions of research projects/articles / papers Interview of entrepreneurs, writing biographies of entrepreneurs Editing of journals / newsletters Consultancy / research projects Assignments, communication skill workshops Participation in conferences and seminars Group discussions, mock interviews, self development diaryng Mind Power Training & writing workshop (by Dr. T.K.Jain)
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Pedagogy Case analysis, Articles from Harvard Business Review Quiz, seminars, workshops, games, Visits to entrepreneurs and industrial visits Presentations, Latest audio-visuals Group discussions and group projects Periodic self assessment Mentoring and counselling Study exchange programme (with institutions out of India) Rural development / Social welfare projects
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Branches AFTERSCHOOOL will shortly open its
branches in important cities in India including Delhi, Kota, Mumbai, Gurgaon and other important cities. Afterschooolians will be responsible for managing and developing these branches – and for promoting social entrepreneurs.
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Case Studies We want to write case studies on social
entrepreneurs, first generation entrepreneurs, ethical entrepreneurs. Please help us in this process. Help us to be in touch with entrepreneurs, so that we may develop entrepreneurs.
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Basic values at afterschoool Share to learn more Interact to develop yourself Fear is your worst enemy Make mistakes to learn Study & discuss in a group Criticism is the healthy route to mutual support and
help Ask fundamental questions : why, when, how &
where? Embrace change – and compete with yourself only
www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
www.afterschoool.tk social entrepreneurship for better society
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