Definition: Descriptive analysis is a method of analysing data by describing and summarising its main features. In simple words: It means studying available information to understand what happened. It does
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lessson no. 18 Q1. What do you mean by Analysis of Data?
Definition: Analysis of data is the process of studying, cleaning, arranging and examining raw information to find useful facts, draw conclusions and make decisions. In simple words: It means studying
Read MoreModern Communication Methods – Telephone, Voice Mail, E-mail and Fax
Introduction Technology has changed the way people communicate. Earlier, businesses depended mainly on letters and face-to-face conversations. Today, modern communication methods allow businesses to exchange information quickly across the world.
Read MoreLesson No. 07: Accountancy: Ranbir Singh’s August Journal: The Trading Desk Under Pressure
August is packed with activity in Ranbir Singh’s business. Customers buy goods on credit, suppliers deliver stock, office expenses pile up, and payments move between cash and bank. The accountant
Read MoreLesson No. 06: Accountancy: July’s Journal Challenge: Discounts, Mixed Rent and the Accounts That Must Balance
July is a busy month for a business. Goods are bought and sold, suppliers are paid, customers settle their debts, and bills arrive. But three transactions hide accounting traps: a
Read MoreLesson No.06: Accountancy: Ram Kumar’s Journal: The Case of the Twelve Transactions
Ram Kumar has started a business. On day one, he invests cash. Soon he is buying goods, dealing with suppliers, selling to customers, purchasing furniture and paying bills. The business
Read MoreLesson No. 06: Accountancy: Sheela’s Journal: Following Every Rupee Through the Business
A business owner can handle cash, deposit money in the bank, withdraw it when needed, buy goods from suppliers, and sell to customers on credit—all in the same week. But
Read Morelesson no. 17 Q6. Construct a simple bar diagram from the data given below.
Given Data: State Number of Management Colleges Rajasthan 200 Punjab 400 Gujarat 150 Steps to Construct a Bar Diagram Step 1: Draw the X-axis and Y-axis. Step 2: Mark the
Read MoreMeans and Services of Communication
Introduction Communication is necessary for sharing information in business. However, people need suitable methods or services to send messages from one place to another. Modern businesses use different means of
Read MoreLesson No. 06: Accountancy: Aman’s Accounting Adventure: 11 Transactions, One Journal
Aman has opened a business, and the money is already moving. Cash comes in, goods are purchased, furniture arrives, customers buy on credit, and suppliers wait for payment. Every transaction
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