Notes for bba - Notes For BBA

International Financial Reporting Standards (IFRS): Need, Significance, and Ethical Issues in Accounting

March 31, 2025 by kohli

In today’s globalized economy, businesses operate across borders, investors diversify internationally, and financial statements must be transparent and comparable. This is where International Financial Reporting Standards (IFRS) play a crucial role. Developed by the International Accounting Standards Board (IASB), IFRS provides a unified framework for financial reporting, ensuring consistency and reliability across different countries. Unlike … Read more

Accounting Cycle: From Transactions to Final Accounts

March 31, 2025March 31, 2025 by kohli

The accounting process begins with the meticulous recording and classification of every financial transaction that occurs within a business. This foundational step ensures that all monetary movements are properly documented and organized for future analysis and reporting. The accounting cycle is the backbone of financial record-keeping, transforming everyday transactions into meaningful financial statements. Every business, … Read more

Software: Why is OS System Software?

March 30, 2025 by kohli

Full Question: What is Software? Why is OS classified as a system software? Explain. Answer: Software refers to a set of instructions, programs, and data that enable a computer to perform specific tasks. Unlike hardware, which constitutes the physical components of a computer, software is intangible and exists as code written in programming languages. It … Read more

Telecom Transmission Media: Why Fiber Optics is Best

March 30, 2025 by kohli

Full Question: What are different transmission medias used in telecommunication network? Why do we prefer fiber optics as a better communication media over others? Explain. Answer: Transmission Media in Telecommunication Networks In telecommunication networks, transmission media refers to the physical pathways that carry communication signals. Different transmission media are used to carry data over various … Read more

Liquidation: Voluntary vs. Involuntary Differences

March 30, 2025 by kohli

Full Question: What do you mean by liquidation? Mention any five differences between voluntary and involuntary liquidation of a company. Answer: Liquidation refers to the process of winding up a company’s affairs, including selling off its assets, settling debts, and distributing the remaining funds to the shareholders or owners. This process typically occurs when a … Read more

Contract of Guarantee: A Tripartite Agreement

March 30, 2025 by kohli

Question: Contract of guarantee is a tripartite agreement. How? What are the rights and duties of surety? Answer: A contract of guarantee is a legal arrangement where one person (the surety) promises to take responsibility for another person’s debt or obligation if they fail to fulfill it. It is called a tripartite agreement because it … Read more

What is entrepreneurship? Explain the problems faced by women entrepreneurs and suggest some solutions to solve those problems in Nepal.

March 6, 2025 by Devilal

Women Entrepreneurs Problems and Solutions Entrepreneurship is the process of observing business opportunities, assembling the required assets and taking an initiative to start and run a new company. Entrepreneurs are those person who creates a new business venture by bearing a certain level of risk to make a profit and money. The problems faced by … Read more