The Insurance Act 1939

• Post author:rajvuniversity
• Post published:December 24, 2024
• Post category:402 HOTEL LAW/Diploma in Hotel Management and Catering Technology/The Insurance Act 1939/UNIT‐II

The Insurance Act 1939- The Insurance Act, 1939 was a significant piece of legislation in India that laid down the framework for the regulation and control of the insurance industry…

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FIFO

• Post author:rajvuniversity
• Post published:September 25, 2024
• Post category:Diploma in Hotel Management and Catering Technology/FIFO/PRINCIPLES OF ACCOUNTING/UNIT‐II

FIFO- FIFO (First In, First Out) is an inventory management and accounting principle. It is widely used in various industries, including manufacturing, retail, and food production. Here's a breakdown of…

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Purpose of Inventory Valuation

• Post author:rajvuniversity
• Post published:September 24, 2024
• Post category:Diploma in Hotel Management and Catering Technology/PRINCIPLES OF ACCOUNTING/Purpose of inventory valuation/UNIT‐II

Purpose of Inventory Valuation- Inventory valuation is a crucial accounting process that involves determining the value of a company’s inventory at a given point in time. The purpose of inventory…

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Depreciation

• Post author:rajvuniversity
• Post published:September 21, 2024
• Post category:Depreciation/Diploma in Hotel Management and Catering Technology/PRINCIPLES OF ACCOUNTING/UNIT‐I

Depreciation- Depreciation is the process of allocating the cost of a tangible asset over its useful life. It reflects the wear and tear, decay, or obsolescence of the asset as…

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Closing stock

• Post author:rajvuniversity
• Post published:October 7, 2023
• Post category:closing stock/PRINCIPLES OF ACCOUNTING/Syllabus of Diploma in Hotel Management and Catering Technology/UNIT‐IV

Closing stock- Closing stock refers to the value of goods or inventory that a business has on hand at the end of a specific accounting period, such as a fiscal…

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Cash book

• Post author:rajvuniversity
• Post published:October 7, 2023
• Post category:cash book/PRINCIPLES OF ACCOUNTING/Syllabus of Diploma in Hotel Management and Catering Technology/UNIT‐III

Cash book- A cash book is a financial journal that records all cash transactions of a business entity in a systematic and chronological order. It is a fundamental accounting tool…

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Accounts

• Post author:rajvuniversity
• Post published:August 31, 2023
• Post category:accounts/Diploma in Hotel Management and Catering Technology

Accounts- Hotel accounts typically refer to financial records and transactions related to the operations of a hotel. These accounts are crucial for managing the financial aspects of the hotel business.…

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