Difference Between Internal And External Recruitment

INTRODUCTION   Internal recruitment is concerned with recruiting people internally through transfer and promotion and external recruitment is associated with recruiting people externally through advertisement, employees referrals and other external sources. A comparison between internal recruitment and external recruitment is as follows: 1....

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External Recruitment: Sources, Methods, Advantages And Disadvantages

INTRODUCTION   External sources refer to recruiting employees from outside the organization. In fact, a pool of  qualified candidates lie outside the organization. Firms cannot always get all required members from their current staff. In such a situation, an arrangement is made to attract qualified candidates from other sources. An organization...

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Internal Recruitment: Aspects, Methods And Advantages

Internal Sources Of Recruitment               Introduction Internal recruiting refers to recruiting employees from within the organization. In deciding requirement of employees, initial consideration should be given to a company's current employees, which is concerned with internal recruitmen...

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Recruitment: Definition, Processes And Factors Affecting It

INTRODUCTION Recruitment is a process of identifying and preparing potential candidates to fill the application form. It is an initial phase of employment process. Recruitment inspires the potential candidates to fill the application form for employment. After estimating the need and requirement of human resource in an organization, the HR manager ...

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Job Evaluation: Importance And Processes

JOB EVALUATION                   Introduction Job evaluation is the process of establishing values of different jobs. Job evaluation provides a basis for ranking different jobs and developing a pay structure for them. Evaluation of job is the process of describing the duties, authority relationships, skills, condition...

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Accounting Treatment Of Consignment

Valuation Of Unsold Stock In Accounting For Consignment Of Goods  Introduction The stock lying in the hands of consignee at the end of accounting year is valued at cost or market price whichever is less. The cost of unsold stock or closing stock should be valued at cost to the consignor plus proportionate non-recurring expenses incurred by the consignor and...

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Introduction To Consignment Account

INTRODUCTION Maximization of profit is the main objective of each and every business. For the fulfillment of this objective, the firm has to increase the sale of goods. For this purpose, the firm has to push its sales by all possible means. The sales can be increased by opening different branches within the territory or abroad. Opening a branch is a costlier affair....

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Preparation Of Liquidator's Final Statement

        INTRODUCTION  The liquidator is required to keep proper books to record receipt and payment which is known as liquidator's final statement, in every mode of winding up. The liquidator has to submit a report together with the audited final accounts to the CRO. The liquidator has to submit the statement to the court in the case...

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Meaning Of Liquidation, Reasons For Liquidation And Calculation Of Liquidator's Remuneration

LIQUIDATION Meaning Of Liquidation A company is an artificial person or body created by law and only the law can dissolve it. The legal procedure by which the corporate life of a company can be brought to an end is known as liquidation. The liquidation of company is defined as " the termination of legal existence of company by closing its business". Liquidation is...

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Accounting Treatment For Partner's Salary And Commission, Partners' Interest On Capitals And Partners' Drawing Accounts

Accounting Treatment For Partner's Salary And Commission            Introduction We all know that no partner can entertain any salary or commission unless it is provided by the partnership deed. The salary or commission to a partner could be allowed to her/him if she/he does the most of the work of the firm according to the agreement...

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Partnership Businesss And Partnership Agreement

PARTNERSHIP BUSINESS Introduction The traditional form of business organization is sole proprietary system. Because of weakness in this form (i.e one man talent, capacity, knowledge, skill, qualification, experience and the like), the partnership form of business organization commences in the world of business. In case of sole proprietorship, single person is absolutely...

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Meaning, Needs And Methods Of Valuation Of Shares

VALUATION OF SHARES Concept And Meaning Of Valuation Of Shares Introduction Every share has its value printed in its front. Such a value is called as par value or face value of shares. The face value is assigned by the promoters of joint stock company and is given in the memorandum of associatio...

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Cost Volume Profit (C.V.P) Analysis

COST VOLUME PROFIT ANALYSIS  Introduction Cost Volume Profit (C.V.P) analysis is the analysis of the relationship between cost and volume of activities and the effect of the relationship on profit. Managers can use the concept of cost-volume-profit analysis to forecast volume of activity at which the firm will break-even or attain target profits. CVP analysis...

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