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(1) Personnel Department: This department in a large organisation is responsible for recruitment, training discharge, transfer etc. and maintaining their…

The cost of labour is the amount of all salaries paid to the workers, as well as the employee benefits…

The implementation of a cost accounting system is an important step for a growing small business. Implementation begins with identification…

Direct Cost Direct costs can be easily identified as per the expenditure on cost objects. So, for example, if we…

A cost accounting system is used by manufacturers to record production activities using a perpetual inventory system. In other words,…

Anti-Competitive Agreements (Section 3) An agreement includes any arrangement, understanding or concerted action entered into between parties. It may or…

Indian labour law refers to law regulating labour in India. Traditionally, the Indian government at the federal and state levels…

Articles 5 to 11 of Part II of the Indian Constitution deals with citizenship, defining a citizen as a person…

The Patent is granted by the sovereign of the country for the Invention claimed by the inventors which gives him/her…

Patent infringement is the commission of a prohibited act with respect to a patented invention without permission from the patent…