Managerial Skills | Principles Of Management

Managerial Skills | Principles Of Management A managerial skill is an ability of managers to make a business decision and lead subordinates within a organizations to perform tasks efficiently and effectively. Simply we can say managerial skills is the knowledge and ability of the manager to carry different activities and make a reliable decision during […]

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Difference between Periodic and Perpetual Inventory System

Difference between Periodic and Perpetual Inventory System A periodic inventory system is an inventory system that records inventory levels at specific points in time. These points in time are usually at the end of accounting periods. Periodic systems use physical count audits, where employees actually count each and every item in the store to get an […]

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Difference between Capital And Revenue Expenditure

Difference between Capital And Revenue Expenditure Capital expenditure includes costs incurred on the acquisition of a fixed asset and any subsequent expenditure that increases the earning capacity of an existing fixed asset.The cost of acquisition not only includes the cost of purchases but also any additional costs incurred in bringing the fixed asset into its […]

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Difference between Accounts Payable and Notes Payable

Difference between Accounts Payable and Notes Payable   An accounts payable is a liability that is short term, usually between two weeks and one month, while notes payable is a liability that has a longer term, the shortest of which is six months.Accounts payable is based on good faith and requires no written agreement other […]

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Process Of Memory | General Psychology

Process Of Memory | General Psychology Memory is essentially the capacity for storing and retrieving information. Three processes are involved in memory: encoding, storage, and retrieval. All three of these processes determine whether something is remembered or forgotten. 1) Encoding Processing information into memory is called encoding. People automatically encode some types of information without being […]

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Schools of Thought in Psychology | General Psychology

Schools of Thought in Psychology General Psychology When psychology first emerged as a science separate from biology and philosophy, the debate over how to describe and explain the human mind and behavior began. The different schools of psychology represent the major theories within psychology. The first school of thought, structuralism, was advocated by the founder […]

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Perspectives in Psychology | General Psychology

 Perspectives in Psychology An approach is a perspective (i.e. view) that involves certain assumptions (i.e. beliefs) about human behavior: the way they function, which aspects of them are worthy of study and what research methods are appropriate for undertaking this study. There may be several different theories within an approach, but they all share these […]

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