CBSE JRF/Net Commerce

Assertion (A): Total utility will be maximum when marginal utility to price of respective products are equal.
Reason (R): Deviation from this situation leads to reduction in maximum utility.

Answer: Both (A) and (R) are correct

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Our team is preparing study material for Dec’18. Till then we will be discussing some topics everyday.
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As you know CBSE Net exam will be held very soon. We would like to wish all the aspirants and start our preparations by today itself.

Some imp brief discussions will be done on topics plus we will also go through multiple choice questions.

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Guys are you all updated about the below Information.

Kindly share as much as you can, will shortly start our preparation for CBSE Net Commerce.

OFFICIAL NOTIFICATION--CBSE will conduct the next UGC-NET for Junior Research Fellowship & Eligibility for Assistant Professor on 08th July, 2018 (Sunday).

Anyone having any issues with projects, desertion,concepts can contact us for their queries.

Focus on Important questions for UGC Net exam will be the highlight of our posts.

We will be providing notes or complete study material for aspirants who are focussing on UGC Net Commerce exam.

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Golden Rules of Accounting??

Debit The Receiver, Credit The Giver
This principle is used in the case of personal accounts. When a person gives something to the organization, it becomes an inflow and therefore the person must be credit in the books of accounts. The converse of this is also true, which is why the receiver needs to be debited.

Debit What Comes In, Credit What Goes Out
This principle is applied in case of real accounts. Real accounts involve machinery, land and building etc. They have a debit balance by default. Thus when you debit what comes in, you are adding to the existing account balance. This is exactly what needs to be done. Similarly when you credit what goes out, you are reducing the account balance when a tangible asset goes out of the organization.

Debit All Expenses And Losses, Credit All Incomes And Gains
This rule is applied when the account in question is a nominal account. The capital of the company is a liability. Therefore it has a default credit balance. When you credit all incomes and gains, you increase the capital and by debiting expenses and losses, you decrease the capital. This is exactly what needs to be done for the system to stay in balance.

What is law of demand?
The law of demand states that other factors being constant, price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.