Commerce

Commerce

Commerce section stats in the school education after 10. Commerce is one of the most important streams of education in India after Science. Mostly Buisness man person like commerce education. Commerce education is totally related to money. Commerce is that part of business which is concerned with the exchange of goods and services and includes all those activities which directly or indirectly facilitate that exchange.


Importance of Commerce 

Commerce links producers and consumers
Commerce increases national income and wealth
Commerce tries to satisfy increasing human wants
Commerce generates employment opportunities
Commerce encourages international trade
Commerce helps to increase our standard of living
Commerce helps in expansion of aids to trade
Commerce helps in growth of industrial development

Courses in Commerce

After 10 you can do
10+2 With Commerce
B.Com (Bachelor of Commerce)
M.com (Master of Commerce)

Commerce Subject

A commerce student have need to know about country growth, financial, economicaly etc. So subjects are
like; accountancy, economics, mathematics, business, finance etc. Some Subjects are:-


Business economics: This buisness economic subject like the laws of demand and supply, law of returns, elasticity, theory of pricing under different market forms etc.

Marketing: This subject would deal with products, pricing methods, promotion, channels of distribution etc.

Cost accounting: This would include process, job and contract costing, costing of overheads, standard and variance costing and budgetary control.

Financial accounting: This subject would deal with balance sheets and final accounts of a company, the preparation of profit & lose statement, knowledge of accounting standards, calculation of depreciation and valuation of shares and goodwill of a company.

Income tax: This would encompass the nature and basis of charge of income tax, tax planning, tax deduction, incomes not taxable etc Every year income tax % are change acc to new record.

Business law: This subject would discuss the different laws in India relating to, among others, the Companies Act and the Consumer Protection Act.

Business finance: This would include in its scope financial analysis as a diagnostic tool, the management of working capital and its components as well as capital structure leverages.

Carrer in Commerce

After Commerce your carrer like
Accounting
Banking
Finance
Planning
Tax Practitioners,
Marketing
Chartered Accountant