Quick Answer: Who Is The Father Of Modern Commerce?

Who invented accounting?

PacioliPacioli, who is commonly known as the father of accounting, published a textbook called “Summa de Arithmetica, Geometria, Proportioni et Proportionalita” in 1494, which showed the benefits of a double-entry system for bookkeeping..

What is the salary of a B Com graduate?

The average salary scale for graduates of Bachelor of Commerce [B.Com] ranges from INR 2 lakhs to 8 lakhs per annum. This salary varies as per the sector fo employment, the firm of employment, and the graduates’ diligence and seniority at the workplace.

Is BCom better than BA?

One can say that the career prospects of a B.Com graduate would be better than that of a BA or B.Sc graduate. … Apart from pursuing a career, B.Com graduates will also be able to pursue higher education in different fields as well. Some of the popular higher education choices include M.Com, MBA, LLB, B. Ed, etc.

What is commerce full form?

B.Com stands for Bachelor of Commerce. It is an undergraduate degree in commerce stream. It is a three-year bachelor degree which is offered by various colleges and universities in India. It is a fundamental graduating qualification which makes the commerce graduates eligible for masters degrees like M.Com and MBA.

Who were the first traders?

Long-range trade routes first appeared in the 3rd millennium BCE, when Sumerians in Mesopotamia traded with the Harappan civilization of the Indus Valley. The Phoenicians were noted sea traders, traveling across the Mediterranean Sea, and as far north as Britain for sources of tin to manufacture bronze.

Is commerce good for future?

Because there is a plethora of short duration professional courses for commerce students in the field of accounting, tally, computer accounting, share market, financial accounting, marketing,etc. So Commerce is a very good stream for future prospects.

Who is the father of commerce?

PoseidonAccording to greek mythology, Poseidon is considered the father of commerce.

What is the syllabus of BCom 1st year?

B.Com first year Semester 1 syllabus and subjects The 4 main subjects are Bcom Accounts, Bcom Economics, BCom Maths/Computer and Bcom Business Communications. Whereas for additional subjects, English is compulsory and student can select any one from other three subjects (Kannada, Hindi, Urdu).

Why do we study commerce?

Business Studies is an important subject for commerce students. … The subject brings students abreast with the corporate culture and prepares them for their professional life. Business activities are something that affect the daily lives of all people in a society.

What is the main aim of Commerce?

It is an important subject of the commerce stream and its objectives are summarised below: (i) To develop economic understanding. (ii) To develop students understanding of economic problems and their effects on society. (iv) To develop sense of values that serve as the basis of economic planning.

Who started e commerce in India?

K Vaitheeswaran started India’s first e-commerce website Fabmart.com back in 1999. Before there was Flipkart, Myntra, and Snapdeal, there was Fabmart.

What is commerce English?

Commerce is the conduct of trade among economic agents. Generally, commerce refers to the exchange of goods, services or something of value, between businesses or entities.

How many hours should a commerce student study?

I am a commerce student and I just gave my 12th board exams. I scored 96.5% marks. Let me assure you that it’s not how many hours but the quality of hours that matters. A regular study of even 4-5 hours on a school day and 10 hours on a weekend is sufficient to score 96+.

Who discovered commerce?

Michael AldrichMichael Aldrich. Michael Aldrich (22 August 1941 – 19 May 2014) was an English inventor, innovator and entrepreneur. In 1979 he invented online shopping to enable online transaction processing between consumers and businesses, or between one business and another, a technique known later as e-commerce.

Who is the father of accounting?

Luca PacioliLuca Pacioli: The Father of Accounting Education. Luca Pacioli, was a Franciscan friar born in Borgo San Sepolcro in what is now Northern Italy in 1446 or 1447. It is believed that he died in the same town on 19 June 1517.

Who is the mother of accounting?

Luca Pacioli. Fra Luca Bartolomeo de Pacioli (sometimes Paccioli or Paciolo; c. 1447 – 19 June 1517) was an Italian mathematician, Franciscan friar, collaborator with Leonardo da Vinci, and an early contributor to the field now known as accounting.

How many types of B Com are there?

Under BCom, there are three most popular courses, namely BCom or BCom-General, BCom (Honours) and BCom LLB. The BCom or BCom-General is also referred to as BCom-Pass by many universities. In the BCom course, candidates are taught core subjects related to commerce and finance.

What are the two types of commerce?

B2B and B2C are the two most prominent types of e-Commerce in the world today and they are the traditional transaction types that most people think of when they hear the word e-Commerce.

What is the origin of commerce?

Etymology. The English-language word commerce has been derived from the Latin word commercium, from cum (“together”) and merx (“merchandise”). The word then got converted to French language to finally give us “Commerce” which essentially means facilitating trading or allowing for exchange of goods and services.

Who is the father of Indian commerce?

K VaitheeswaranIndian Commerce: K Vaitheeswaran is the father of Indian e-commerce.

What are the three golden rules of accounting?

The Golden Rules of AccountingDebit The Receiver, Credit The Giver. This principle is used in the case of personal accounts. … Debit What Comes In, Credit What Goes Out. This principle is applied in case of real accounts. … Debit All Expenses And Losses, Credit All Incomes And Gains.