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Category Archives: Class 11

Export is one of the main components of International business and involves the movement of goods and services across the nations and the exchange of… Read More
Recording of Banking Transactions: All businesses make many transactions with the bank in their day-to-day activities. Journal Entries related to banking transactions are as follows:… Read More
Retailers are business enterprises involved in selling goods and services directly to the ultimate customer. They buy goods from wholesalers in large quantities and sell… Read More
The ‘word’ mode gets its roots from the old French word ‘La Mode’, which means most popular phenomenon, and from the Latin word ‘Modus’, meaning… Read More
The word mode comes from the Latin word ‘Modus’, meaning measurements, quantity, way, or manner. In statistics, Mode refers to the variable that occurs most… Read More
Statement of Affairs Under the single entry system of bookkeeping, accounts maintained by the business are incomplete. The businessman maintains the records as per his… Read More
Morphology is a discipline of science that focuses on the exterior structure and characteristics of living systems. It is largely concerned with the investigation of… Read More
The word Echinoderm is taken from the Greek word “Ekhinos” which means “spiny” and “derm” means “skin”. The endoskeleton of these animals consists of Calciferous… Read More
Microeconomics is a branch of economics studying the behavior of an individual economic unit. Adam Smith is known as the father of economics and microeconomics.… Read More
Operating a business in this dynamic world is not an easy task. Every business requires funds to operate and carry out various activities, and without… Read More
Consumer Cooperative Stores are enterprises established, owned, and managed by a group of consumers sharing common interests. In simple words, it is an association of… Read More
Wholesale Trade refers to buying and selling goods and services in bulk quantities for resale or intermediate use. Wholesalers play the role of middleman between… Read More
The degree of change (or the degree of extension or contraction in the demand curve) in response to a change in any economic factor related… Read More
Financial statements refer to those Accounts and Statements which are prepared at the end of an accounting period (which is generally a year) to know… Read More
The formation of a company is a complex activity including many formalities and procedures. It has different stages: Promotion of a company i.e., conceiving a… Read More

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