Thursday, 17 August 2017

PROFESSIONAL ETHICS & VALUES




Developed by RAJIB DEB, Lecturer, NTDP, Dharmanagar, Tripura.
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MODULE-1 EFFECTS OF TECHNOLOGICAL GROWTH
Q.Energy Crisis: An energy crisis, like any other crisis in the field of economic activity, can be brought about by a number of factors: organised labour strikes, embargoes by governments, over-consumption, aging infrastructure, and bottlenecks at production centres and port facilities.Pipeline failures and other accidents may cause minor interruptions to energy supplies. A crisis could possibly emerge after infrastructure damage from severe weather.
Attacks by terrorists on important infrastructure are a possible problem for energy consumers: a successful strike on a West Asian facility could potentially cause global shortages. Political events—change of governments due to regime change, monarchy collapse, military occupation or a coup—may disrupt oil and gas production and create shortages.
Q.Steps for overcoming energy crisis:
Briefly, the following steps could help overcome the crisis:
1. Discourage oil-intensive activities.
2. Replace oil by alcohol-based fuels from sugarcane and other crops.
3. Develop more efficient techniques for liquefaction of coal so that it can be transported over long distances at lower costs.
4. Prevent fires and roof collapse accidents in coal mines.
5. Develop safer, cheaper technology for nuclear, solar, wind, wave, tidal and geothermal energy.
6. Get developed nations to provide funds ‘and technology to natural resource-rich developing nations to utilise energy sources efficiently.
So, sustainable balance must be maintained between economic development and population growth.
Q.What is Environmental Degradation?
Answer: Environmental degradation is the disintegration of the earth or deterioration of the environment through consumption of assets, for example, air, water and soil; the destruction of environments and the eradication of wildlife. It occurs when earth’s natural resources are depleted and environment is compromised in the form of extinction of species, pollution in air, water and soil, and rapid growth in population.
Environmental degradation is one of the largest threats that are being looked at in the world today. The United Nations International Strategy for Disaster Reduction characterizes environmental degradation as the lessening of the limit of the earth to meet social and environmental destinations, and needs. Environmental degradation can happen in a number of ways. At the point when environments are wrecked or common assets are exhausted, the environment is considered to be corrupted and harmed. There are a number of different techniques that are being used to prevent this, including environmental 

resource protection and general protection efforts.

Environmental issues can be seen by long term ecological effects, some of which can demolish whole environments. An environment is a unique unit and incorporates all the living and non-living components that live inside it. Plants and creatures are evident parts of the environment, but it also includes the things on which they depend on, for example, streams, lakes, and soils.
Q.Causes of Environmental Degradation
Answer:
1. Land Disturbance: A more basic cause of environmental degradation is land damage. Numerous weedy (inefficient) plant species, for example, garlic mustard, are both foreign and obtrusive. A rupture in the environmental surroundings provides for them a chance to start growing and spreading. These plants can assume control over nature, eliminating the local greenery.
2. Pollution: Pollution, in whatever form, whether it is air, water, land or noise is harmful for the environment. Air pollution pollutes the air that we breathe which causes health issues. Water pollution degrades the quality of water that we use for drinking purposes. Land pollution results in degradation of earth’s surface as a result of human activities.
3. Overpopulation: Rapid population growth puts strain on natural resources which results in degradation of our environment. Mortality rate has gone down due to better a medical facility which has resulted in increased lifespan. More population simple means more demand for food, clothes and shelter. You need more space to grow food and provide homes to millions of people. This results in deforestation which is another factor of environmental degradation.
4. Landfills: Landfills pollute the environment and destroy the beauty of the city. Landfills come within the city due the large amount of waste that gets generated by households, industries, factories and hospitals. Landfills pose a great risk to the health of the environment and the people who live there. Landfills produce foul smell when burned and cause huge environmental degradation.
5. Deforestation:Deforestation is the cutting down of trees to make way for more homes and industries. Rapid growth in population and urban sprawl are two of the major causes of deforestation. Apart from that, use of forest land for agriculture, animal grazing, harvests for fuel wood and logging are some of the other causes of deforestation. Deforestation contributes to global warming as decreased forest size puts carbon back into the environment.
6: Natural Causes: Things like avalanches, quakes, tidal waves, storms, and wildfires can totally crush nearby animal and plant groups to the point where they can no longer survive in those areas. This can either come to fruition through physical demolition as the result of a specific disaster, or by the long term degradation of assets by the presentation of an obtrusive foreign species to the environment. The latter frequently happens after tidal waves, when reptiles and bugs are washed ashore.
Of course, humans aren’t totally to blame for this whole thing. Earth itself causes ecological issues, as well. While environmental degradation is most normally connected with the things that people do, the truth of the matter is that the environment is always changing. With or without the effect of human exercises, a few biological systems degrade to the point where they can’t help the life that is supposed to live there.
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Wednesday, 16 August 2017

Friday, 30 June 2017

Accountancy/:Book- keeping/Accounting:

Accountancy: Accountancy refers to a systematic knowledge of accounting. It explains ‘why to do’ and ‘how to do’ of various aspects of accounting. It tells us why and how to prepare the books of accounts and how to summarize the accounting information and communicate it to the interested parties. Book keeping: Book- keeping includes recording of journal, posting in ledgers and balancing of accounts. All the records before the preparation of trail balance is the whole subject matter of book- keeping. Thus, book- keeping many be defined as the science and art of recording transactions in money or money’s worth so accurately and systematically, in a certain set of books, regularly that the true state of businessman’s affairs can be correctly ascertained. Here it is important to note that only those transactions related to business are recorded which can be expressed in terms of money. Book- keeping is the science and art of correctly recording in books of account all those business transactions that result in the transfer of money or money’s worth”. R.N.Carter Objectives of Book- keeping: i) Book- keeping provides a permanent record of each transaction. ii) Soundness of a firm can be assessed from the records of assets and abilities on a particular date. iii) Entries related to incomes and expenditures of a concern facilitate to know the profit and loss for a given period. iv) It enables to prepare a list of customers and suppliers to ascertain the amount to be received or paid. v) It is a method gives opportunities to review the business policies in the light of the past records. vi) Amendment of business laws, provision of licenses, assessment of taxes etc., are based on records. Accounting: American Institute of Certified Public Accountants (AICPA) which defines accounting as “the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events, which are, in part at least, of a financial character and interpreting the results thereof”.

Saturday, 25 March 2017

Assignment Code: PCO-01/TMA/2017


Course Code: PCO- 01
Assignment Code: PCO-01/TMA/2017

1.       What do you mean by business? Explain various parties who assist in the flow of goods from producer to consumers.

Answer: शब्द 'व्यवसाय' को माल और सेवाओं के उत्पादन के रूप में परिभाषित किया जा सकता है जो कि लाभ के मुकाबले किसी उपभोग के उपभोग या अंतिम उपयोग से माल के प्रवाह में शामिल हैं।
तो हम यह कह सकते हैं कि लाभ की मंशा के साथ की जाने वाली कोई भी गतिविधि व्यवसाय है।

विभिन्न प्रकार की व्यावसायिक गतिविधियों निम्नानुसार हैं:

1) एकल स्वामित्व
2) साझेदारी
3) कंपनी
निर्माता उपभोक्ता के लिए सामान का उत्पादन करता है। कभी-कभी दोनों के बीच कोई नहीं हो सकता है, लेकिन अक्सर निर्माता थोक विक्रेताओं और खुदरा विक्रेताओं जैसे बिचौलियों की मदद से उपभोक्ताओं को माल वितरित कर सकता है।

Tuesday, 21 March 2017

STUDY MATERIALS FOR PCO-01 BPP IGNOU

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Course Code: PCO- 01
Assignment Code: PCO-01/TMA/2017

1.      What do you mean by business? Explain various parties who assist in the flow of goods from producer to consumers.

Answer: The term ‘Business’ can be defined as production of goods and services that are involved in flow of goods from the point of consumption or final use with a view to earn profit.
So we can say that any activity carried with profit motive is business.

The various types of business activities are as follows:

1) Sole proprietorship
2) Partnership
3) Company
The manufacturer produces goods for the consumer. Sometimes there may not be anybody between the two, but often the manufacturer may take the help of middlemen like the wholesalers and retailers to distribute the goods to the consumers.


There exist other parties or things without which goods cannot be transferred to consumer, such as;
Warehousing: Storage is indispensable in these days of mass production. The goods should be stored carefully from the time these are produced till the time they are sold.

Insurance: The goods may be destroyed while in production process or in transit due to accidents, or in due to fire or theft etc. Insurance companies may cover these losses.  The undertake to compensate the loss suffered due to such risks.

Advertising: Advertising is an effective aid in selling the goods. The producer through advertisement communicates all information about his goods, to the prospective consumers and creates in them a strong desire to buy the product.

Banking:
Now-a-days we cannot think of business without banks. To start the business or to run it smoothly we require money. Banks supply money. Banks also provide many services required for the business.

So, in conclusion we can say that this things act as a medium in the flow of goods.

Q2. What do you understand by ‘Double Entry System’? How is it different from ‘Single Entry System’? Discuss.
Answer:
The Double entry system of accounting or book keeping means that every business transaction will involve two accounts (or more).  For example, when a company borrows money from its bank, the company’s Cash account will increase and its liability account Loans payable will increase.
            It is the fundamental concept underlying present day book keeping and accounting. Double entry account is based on the fact that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the equation Assets= Liabilities + Equity, in which each entry is recorded to maintain the relationship.
            In double entry system, transactions are recorded in terms of debits and credits.

The main difference between single entry and double entry system of accounting are:

1.      Under single entry system, only one balance sheet is prepared which contains assets and liabilities. But, under Double entry system, the balance sheet is split up into two parts.

2.      Under single entry system, the purpose of preparing accounts is to show the financial position of a firm at a particular date, whereas, under double entry system, the purpose is to show the amount of capital received and the application of the same in fixed assets.


3.      In case of single entry system only one aspect of transaction is recorded, whereas in case of double entry system both the aspect of the transactions is recorded.

4.      In case single entry, errors are hard to identify.
But in case of double entry system of accounting errors are easy to locate.

5.      Single entry system of accounting known as incomplete type of recording, whereas double entry known as complete type of recording.

6.      Under single entry, only personal and cash account are considered. But in case of double entry Personal, Real and Nominal all are considered.


7.      Single entry is preferable for small enterprises, where double entry accounting is preferable for big enterprises.

8.      In case of single entry, financial position cannot be ascertained. Whereas, under double entry system it can be ascertained easily.


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