External Recruitment | Definition, Methods, Process

External Recruitments

External recruitment is a crucial process for organizations to hire skilled professionals for their vacant positions. It involves sourcing and attracting candidates who are not already employed by the company. External recruitment is essential for the growth and success of any organization. In this blog post, we will explore the definition, types, and process of … Read more

What is Revenue? Types of revenue.

 Revenue is the total repeats of the firm by selling output. It is the amount of money, which the firm receives by the sale of its output in the market, the receipts obtained are the revenue of the firm. Types of revenue There are three core concepts of revenues in economics. They are: a. Total revenue … Read more

Provision | Meaning, Objective

A provision is the sum of amount set aside by charging against the profit ans loss account. It is created for meeting a known loss or liability. It is maintained for meeting an anticipated loss or liability of uncertain amount.  Meaning of Provision Search amount of anticipated loss liability can only be estimated. If the present … Read more

What is Secret Reserve? Meaning, Objective, Advantages, Disadvantages

Definition of Secret Reserve A secret reserve refers to a reserve created by a company by understating its assets or overstating its liabilities in its financial statements. This reserve is not disclosed in the financial statements but is kept secret from external parties such as shareholders, creditors, and tax authorities. The purpose of creating a … Read more