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Accounting

AFTERSCHOOOL – DEVELOPING CHANGE


MAKERS
CENTRE FOR SOCIAL ENTREPRENEURSHIP
PGPSE PROGRAMME –
World’ Most Comprehensive programme in social
entrepreneurship & spiritual entrepreneurship
OPEN FOR ALL FREE FOR ALL

www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS


Accounting
Dr. T.K. Jain.
AFTERSCHOOOL
Centre for social entrepreneurship
Bikaner
M: 9414430763
tkjainbkn@yahoo.co.in
www.afterschool.tk
www.afterschoool.tk

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What is GDP?
 Gross Domestic Product = this means
total income of a country

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What is Consumer’s surplus?
 Excess of utility obtained over the price
paid is called consumer surplus.

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What is equilibrium of the firm?
 Where MR = MC, then we call it as
equilibrium of the firm.

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What is BEP?
 Break even point. The point of no profit
and no loss. This is the point where we
have AR = AC.

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What is smallest prime number?
2

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What is smallest natural
number?
1

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What is BRIC?
 Brazil, Russia, India, China

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India’s per capita income is
approx. ?
 500 dollors per annum approx.

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Who is chairman of planning
commission ?
 Prime Minister

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www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
I send goods of Rs. 1 lakh to Mohit.
He sells 3/5th of the goods by adding
a margin of Rs. 10000. Commission
is 2% on sales plus 20% of gross
sales less all commission exceeds
cost. What is commission?
 3/5th of the goods are of Rs. 60000. if
margin of 10000 is added, we have
70000. commission on this is 1400. let
us now calculate 20% of gross sales less
all cost. Thus is 20 / 120 of 10000 -1400.
which is 20/120 of 8600 = 1433. thus
total commission amount is 2833. ans.
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I send 2000 boxes to Rohit at Goa for
120 Rs. Each (invoice price) .
Transport expenses are Rs. 5000.
1/5th of the goods are lost in transit
and 1/5th (Of remaining) are stolen
(normal losses). 1200 boxes have
been sold. What is my consignment
stock at the end of year? (I send at
20% plus cost)
 2000 – (400+320+1200) = 80
 80 * 102.5 = 8200 Ans (it has to be taken
at cost only, 100 + (5000/2000)).
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I sent 300 bales to Ram on
consignment. Invoice price 200 (it
includes 33% margin). Transport &
insruance expenses are 10000.
Consignee has spent Rs. 12000
(selling expenses are Rs. 6000). 100
Bales are left out. What is the value
of my consignment stock at the end
of the year?
 200 *100/133 = 150 (cost price)
 Cost = 150 + (10000/300)+(6000/300)
 =150+33+20 = 203 per bale.
 Value =203*100 = 20300 answer.
 Selling expenses are not taken into cost.

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I sell goods to Ram at 125% of cost.
Commission 10% on Sales and 25%
on surplus over IP. 10% goods (IP
12500) were lost. 75% were sold at
Rs. 100000, what will be commission
payable?
 IP = Invoice price
 Total goods = 125000 (12500*100/10) IP
 Thus cost of these goods 125000*100/125 =
100000. Sales = 93750 IP. commission = 10000
(10% of sales), plus 25% of (1lakh – 93750) = 25%
of 6250= 1562.5
 Thus commission =11,562.5

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We send goods to Ram costing 2
lakh at cost plus 25%. Ram has to
sell these at cost + 50%. 4/5th of the
goods are sold at prescribed price.
Commission = 2%. What is profit in
our account?
 Cost of 4/5th goods = 160000 Marging 50% =
80000. (sale price = 240000) commission 2% of
240000 = 4800. Profit 80000-4800
 =75200 ( here we assume that other goods are
still in stock).
 If we assume that other goods are sold at cost,
then profit = 75200-800= 74,400 .

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ABO UT A FTERSCH OOO L
Afterschoool conducts three year integrated PGPSE (after
class 12th along with IAS / CA / CS) and 18 month PGPSE
(Post Graduate Programme in Social Entrepreneurship)
along with preparation for CS / CFP / CFA /CMA / FRM. This
course is also available online also. It also conducts
workshops on social entrepreneurship in schools and
colleges all over India – start social entrepreneurship club in
your institution today with the help from afterschoool and help
us in developing society.

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Why such a programme?
 To promote people to take up entrepreneurship
and help develop the society
 To enable people to take up franchising and
other such options to start a business / social
development project
 To enable people to take up social
development as their mission
 To enable people to promote spirituality and
positive thinking in the world

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Who are our supporters?
 Afterschoolians, our past beneficiaries,
entrepreneurs and social entrepreneurs
are supporting us.
 You can also support us – not
necessarily by money – but by being
promotor of our concept and our ideas.

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About AFTERSCHOOOL PGPSE – the best
programme for developing great entrepreneurs

 Most flexible, adaptive but rigorous programme


 Available in distance learning mode
 Case study focused- latest cases
 Industry oriented practical curriculum
 Designed to make you entrepreneurs – not just
an employee
 Option to take up part time job – so earn while
you learn
 The only absolutely free course on internet
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Workshops from
AFTERSCHOOOL
 IIF, Delhi
 CIPS, Jaipur
 ICSI Hyderabad Branch
 Gyan Vihar, Jaipur
 Apex Institute of Management, Jaipur
 Aravali Institute of Management, Jodhpur
 Xavier Institute of Management,
Bhubaneshwar
 Pacific Institute, Udaipur
 Engineering College, Hyderabad

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Flexible Specialisations:
 Spiritualising business and society
 Rural development and transformation
 HRD and Education, Social Development
 NGO and voluntary work
 Investment analysis,microfinance and inclusion
 Retail sector, BPO, KPO
 Accounting & Information system (with CA / CS /CMA)
 Hospital management and Health care
 Hospitality sector and culture and heritage
 Other sectors of high growth, high technology and social
relevance

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Salient features:
 The only programme of its kind (in the whole world)
 No publicity and low profile course
 For those who want to achieve success in life – not just a
degree
 Indepth knowledge and expertise
 Professional approac: World class approach
 Strong intellectual and business capabilities
 Flexible – you may stay for a month and continue the rest of
the education by distance mode. / you may attend weekend
classes
 Scholarships for those from poor economic background
 Latest and constantly changing curriculum – keeping pace
with the time
 Placement for those who are interested
 Admissions open throughout the year
 Latest and most advanced technologies, books and study
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material
Components
 Pedagogy curriculum and approach based on IIM Ahmedabad and ISB
Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad)
 Meditation, spiritualisation, and self development
 Essential softwares for business
 Business plan, Research projects
 Participation in conferences / seminars
 Workshops on leadership, team building etc.
 Written submissions of research projects/articles / papers
 Interview of entrepreneurs, writing biographies of entrepreneurs
 Editing of journals / newsletters
 Consultancy / research projects
 Assignments, communication skill workshops
 Participation in conferences and seminars
 Group discussions, mock interviews, self development diaryng
 Mind Power Training & writing workshop (by Dr. T.K.Jain)

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Pedagogy
 Case analysis,
 Articles from Harvard Business Review
 Quiz, seminars, workshops, games,
 Visits to entrepreneurs and industrial visits
 Presentations, Latest audio-visuals
 Group discussions and group projects
 Periodic self assessment
 Mentoring and counselling
 Study exchange programme (with institutions out of India)
 Rural development / Social welfare projects

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Branches
 AFTERSCHOOOL will shortly open its
branches in important cities in India
including Delhi, Kota, Mumbai, Gurgaon
and other important cities.
Afterschooolians will be responsible for
managing and developing these
branches – and for promoting social
entrepreneurs.

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Case Studies
 We want to write case studies on social
entrepreneurs, first generation
entrepreneurs, ethical entrepreneurs.
Please help us in this process. Help us
to be in touch with entrepreneurs, so that
we may develop entrepreneurs.

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Basic values at afterschoool
 Share to learn more
 Interact to develop yourself
 Fear is your worst enemy
 Make mistakes to learn
 Study & discuss in a group
 Criticism is the healthy route to mutual support
and help
 Ask fundamental questions : why, when, how
& where?
 Embrace change – and compete with yourself
only
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social entrepreneurship for better
society

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