Exam Preparation Kerala Open University Bcom Notes

 Kerala Open University Bcom Notes : It is One of the first 16 Universities in India, the University of Kerala was founded as the University of Travancore in the erstwhile princely state of Travancore (now southern part of Kerala and some neighbouring parts of state of Tamilnadu) in 1937. During the 7 decades since the University of Kerala grew and shrunk physically and transformed itself in many ways. It is difficult to summarise what the Kerala University is in a brief space.

Exam Preparation Kerala Open University Bcom Notes

 Kerala Open University Bcom Notes : Commerce is a detailed subjects that involves many facets of finance, commerce is essential to understanding the current financial environment. There are many subjects like Accountancy, Business Studies, Economics.

 ( Accounting Hand Written Notes By Parveen Sharma ) 

Accountancy is related to keeping financial records of an entity usually a business enterprisefor the purpose of checking the net result of working of that entity in terms of profit or loss and further to see the financial position of that entity after a particular time period.Everyone wants to know whether the activities performed over a particular period have been fruitful or not.

How much is due from others and how much is due to others. Entity for this purpose means any unit/group having independent existence and performing activities, like a business firm, a company, a school, a single owner business, etc. in a layman language.

Business studies- 

Business Studies is concerned with the study of different forms of business activities like: manufacturing, banking, transportation, insurance, storage, warehousing, advertising etc. that have a bearing on business in any manner.It may be noted here that basic importance of all these activities are studied at the beginner’s level but develop as independent subjects and courses after that at higher levels. Management  becomes a major area of study by commerce students, may be financial management, marketing management, human  resource management etc.

Economics–

Economics is concerned with the study of the behavior of an individual/group/economy so far as consumption, investment and income are concerned. It is concerned with the efforts taken to get the maximum financial satisfaction. Any activities that help to increase the financial status of all these will fall under Economics.These are the main subjects to be studied by a fresher in Commerce. Later these subjects become detailed with their branches like:financial accounting,cost accounting,management accounting,partnership accounts,company accounts,corporate law,law relating to sale of goods,factory disputes,minimum wages payable to employees,micro economics, macro economics,statistics,management,marketing management,personnel management,financial management etc.

Other Kerala Open University Bcom Notes and Study Materials. 

Exam Preparation Kerala Open University Bcom Notes

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