Tuesday 28 January 2014


About myself  I am Soumitra Chowdhury,.I did B.COM from City College of commerce & Business Administration.I did ICWA(COSTING) from Institute of COST AND WORKS ACCOUNTANTS OF INDIA.After that I joined in Coal India as accountant and subsequently I woked in Bokaro Steel Plant as Jr Manager(FINANCE&ACCOUNTANTS)for 14 yrs.Now I am Technical analyst in stock market. I am specialised  in accounts and economics coaching for (ICSC,I.S.C,W.B,MBA,B.COM).Hope I will be able to share critical aspects of accounts and principle of economics.



BALANCE OF PAYMENT

TUESDAY, 13 AUGUST 2013 The balance of payment position of a country is systemetic record of all economic transactions between the residents of one country and residents of foreign countries during a given period of time.Economic transactions relate to flow of economic goods ,services and assets.Normally an economic transaction involves a payment and receipt of money in exchange of these flows.some economic flows may take place without without any payment such as gifts from abroad.Balance of payment is a record of all receipts and all paymemts of a country with other country.The items included in the balance of payments are called components of balance of payment.Payments made by a counytrys residents to foreigners are called debits. and those received from foreigners termed as credits.Various items in the balance of payments are generally categorised as1.CURRENT ACCOUNT:The current account records transactions relating to export and import of goods,services,unilateral transfer and international income.Thus the balance on current account is  value of exports minus the value of imports adjusted for international income and transfer.2.CAPITAL ACCOUNT:The capital account records all international economic transactions relating to change in assets-both financial and physical .It is a record of short term and long term capital transactions both private and official. 


FUNDAMENTAL CONCEPT OF COST:

Business firms are very much concerened  about cost reduction and cost control in order to earn profits in a highly competitive market.

MEANING OF COST:Cost means the’”price paid for something.or sacrifice made to acquire something.For example if u have purchased a book for 100,the cost of the book to u is 100/-.In management terminology cost is the expenditure incurred to generate revenue.The term cost may be defined as the money spent or liability incurred for acquiring goods or services .According to Royall, A cost is the sum of three three groups or components-the purchase or transfer price of material,the cost of the hire of labourand the value of other disbursements or expenditure incurred in achieving the the desired product or result.

ELEMENTS OF COST:
There are three basic elements of cost-material,labour and expenses.Each of these can be further divided into direct and indirect.
(A) DIRECT MATERIAL: All materials which become an integral part of the finished product and which can be easily measured and directly charged to product are called direct material.
1)any raw material,semi finished items,or componenet used for manufacturing a particular iteme eg cloth for dress making..
2)any  material specifically purchased for manufacturing a particular product eg,colour for dyeing cloth.
3)primary packing material eg,bottle used in coke or pepsi.
(B) INDIRECT MATERIALS:are those materials which can not be directly assigned to the specific product but which can be apportioned.Consumable stores,oil and waste,nails and grease  are examples of indirect materials.
INFLATION:-is generally defined as the process of persistent and appreciablerise in the general price level.In other words when too much money chasing too few goods its termed inflation.There   are two types of inflation:
1)DEMAND PULL INFLATION:It is an inflation created by the pressure of excess dmand in the market.If aggregate dmand increases rapidly and exceeds the the production price will beging to rise.The essesnce of demand pull inflation is too much spending out against a limited supply of goods.

2)COST PUSH INFLATION:I t refers to inflationary rise in prices which arise due to increase in cost.Cost push inflation may be caused by increase in cost of production.

GDP:is defined as the value of all final goods and services produced in a year in the domestic territory of the country.An estimated value of the total growth of a countrys production  and services calculated over the course of one year.
GDP=CONSUMPTION+INVESTMENT+GOVT SPENDING+(EXPORT-IMPORT)

It is calculated to see the strength of a countrys total economy.

TERMS RELATED TO STOCK MARKET:It is important to judge the companys strength before purchase of any share of a company.Following factors may be considere:

1)DIVIDEND:may be defined as the payment made to shareholders usually once or twice in a year from companys profit after tax.

2)BOOK VALUE:SHARE HOLDERS FUND(EQUITY SHARE CAPITAL+RESERVE)
                                      NO OF EQUITY SHARES

Suppose xyz co has a equity share capital of rs 100000 dived into 10000  equity shares and accumulation of reserve is 600000 then the book valu = EQUITY SHARECAPITAL+RESERVE

                                                               NO OF EQUITY SHARES

                                                                   =  100000+600000
                                                                                 10000
                       
HOW TO MAKE MONEY IN STOCK MARKET-A Comprehensive course designe SOUMITRA CHOWDHURY


TREBLE COLUMN CASH BOOK





ISC CLASS STARTS ON 3.4.2014