Zee Zindagi

 Meaning Of Assets & Liabilities What are Assets? Assets are the economic resources of an enterprise/business that can be expressed in monetary terms. These are items of value used by businesses to carry out their operations and provide economic benefits to the business in future. Examples: Building, Furniture, Plant & Machinery, Cash & Bank balance, Debtors etc. These appear on the Asset side of the Balance Sheet. Test for Assets: To determine whether a particular item is an Asset or not , check the following conditions: Whether the item has monetary value/worth ? Whether the item is required for carrying out the business operations? OR       Whether the item will provide any sort of economic benefits to          the  business in future ? Once you apply the above test on the item in question, check whether the answer is YES or No . If your answer is YES , the particular item in question is definitely an Asset. If your answ...

New Education Policy (2020) "This new Education Policy is So Cool, I want to go back to School" Indian Govt. has unveiled the New education policy that aims at restructuring the school education. Its a great initiative taken by government. Its almost after 34 years , when the whole Indian education system is going to be restructured. I have brought here, a short and summarized overview of the whole Education Policy, 2020. The 10+2 structure of school curriculum is to be replaced by a 5+3+3+4 curriculum structure; However, the changes brought by the New education Policy shall be implemented from the 2021 academic session. The New Education Policy introduces the uncovered 3 years of pre-schooling age group i.e. 3-6 years under the school curriculum. Now, the new system will add 3 years of Anganwadi/pre-schooling with the 12 years of earlier education system. We can say Now schooling starts at the age of 3 Let us now , understand what this 5+3+3+4 structure...