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COMMERCE
COMMERCE•BUSINESS• ANY ACTIVITY CARRIED BY APERSON WITH THE INTENTIONTO EARN EARN PROFIT ISCALLED AS BUSINESS
COMMERCEINDUSTRYINDUSTRY IS A CENTRE WHEREPRODUTION IS CARRIED OUT.
COMMERCECOMMERCEITS DISTRIBUTION OFGOODS & SERVICES
COMMERCE• GOODS• GOODS ARE THE COMMODITIES ORITEMS IN WHICH A BUISNESSMANDEAL• EG: PENCILS,BOOKS
COMMERCE• assests• PROPERTIES OF ANY KINDOWNED BY A PERSON IS calledAS ASSERS• EG: LAND,BUILDING
COMMERCE•NARATION• When an entry is recorded ithas to be followed by anexplanation.this explanationis called naration
COMMERCE•PROFIT• Its excess of incomesover expenses
COMMERCE•LOSS• ITS EXCESS OF EXPENSESOVER INCOME
COMMERCE•INCOME• AMOUNT RECEIVED BY APERSON IN EXCHANGE OF HISSERVICES RENDERED IS CALLEDINCOME
COMMERCE•TRANSACTION• BUSSINESS DEALING HAVINGSOME MONETARY VALUE ISCALLED AS TRANSACTION• TRANSACTION ARE DIVIDED INTHREE...
COMMERCE1.CASH TRANSACTION• IN CASH TANSACTION THE BENEFITIS RECEIVED &PAYMENT IS MADEIMMEDIATELY
COMMERCE2. CREDIT TRANSACTION• IN CREDIT TANSACTION THEBENEFIT IS RECEIVED BUT THEPAYMENT is not paidimmediately.• Thepaym...
COMMERCE3.EXCHANGE TRANSACTION• IN EXCHANGE TRANSACTIONGOODS ARE EXCHAGED FORGOODS.• ONE COMODITY IS EXCHANGEDFOR OTHER.
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Commerce

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it gives a real picture of commerce .

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Transcript of "Commerce"

  1. 1. COMMERCE
  2. 2. COMMERCE•BUSINESS• ANY ACTIVITY CARRIED BY APERSON WITH THE INTENTIONTO EARN EARN PROFIT ISCALLED AS BUSINESS
  3. 3. COMMERCEINDUSTRYINDUSTRY IS A CENTRE WHEREPRODUTION IS CARRIED OUT.
  4. 4. COMMERCECOMMERCEITS DISTRIBUTION OFGOODS & SERVICES
  5. 5. COMMERCE• GOODS• GOODS ARE THE COMMODITIES ORITEMS IN WHICH A BUISNESSMANDEAL• EG: PENCILS,BOOKS
  6. 6. COMMERCE• assests• PROPERTIES OF ANY KINDOWNED BY A PERSON IS calledAS ASSERS• EG: LAND,BUILDING
  7. 7. COMMERCE•NARATION• When an entry is recorded ithas to be followed by anexplanation.this explanationis called naration
  8. 8. COMMERCE•PROFIT• Its excess of incomesover expenses
  9. 9. COMMERCE•LOSS• ITS EXCESS OF EXPENSESOVER INCOME
  10. 10. COMMERCE•INCOME• AMOUNT RECEIVED BY APERSON IN EXCHANGE OF HISSERVICES RENDERED IS CALLEDINCOME
  11. 11. COMMERCE•TRANSACTION• BUSSINESS DEALING HAVINGSOME MONETARY VALUE ISCALLED AS TRANSACTION• TRANSACTION ARE DIVIDED INTHREE PARTS :1) CASH TRANSACTION2) CREDIT TRANSACTION3) EXCHAGE TANSATION
  12. 12. COMMERCE1.CASH TRANSACTION• IN CASH TANSACTION THE BENEFITIS RECEIVED &PAYMENT IS MADEIMMEDIATELY
  13. 13. COMMERCE2. CREDIT TRANSACTION• IN CREDIT TANSACTION THEBENEFIT IS RECEIVED BUT THEPAYMENT is not paidimmediately.• Thepayment is delayed.• the payment is posponded
  14. 14. COMMERCE3.EXCHANGE TRANSACTION• IN EXCHANGE TRANSACTIONGOODS ARE EXCHAGED FORGOODS.• ONE COMODITY IS EXCHANGEDFOR OTHER.
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