UKN Eduzone

Informatics Tools notes BUSINESS WORKSHEET( MS EXCEL) 🔽WORK SHEET  A worksheet in Excel is a single digital page or spreadsheet made of rows and columns where enter, organize, and calculate data. 🔽CREATION OF WORKSHEET  ♦️Open Excel: Launch Microsoft Excel on your computer. ♦️New File: Click File then select New. ♦️Blank Document: Choose Blank Workbook to open a new spreadsheet grid. ♦️Add Sheets: Click the New Sheet (+) plus icon at the bottom tab area to insert additional worksheets.

🔽MARKETING MIX The term "Marketing mix" was introduced by Prof. Neil H. Borden of the Harvard Business School. Marketing mix is one of the most fundamental concepts in marketing Management. These are: product, pricing, distributive channels (place) and sales promotion techniques. 🔽Definition of Marketing Mix: According to Philip Kotler, "Marketing mix the mixture of controllable marketing variables that the firm uses to pursue the sought level of sales in the target market." 📍Marketing Mix is a set of elements that need to be determined by a company to promote its brand or product effectively. Often called 4 Ps of marketing. (product,price,place, & promotion) 1.PRODUCT   The product in a marketing mix refers to the tangible good, intangible service, or digital offering that a business provides to satisfy customer needs and wants. A product is a commodity, produced or built to satisfy the need of an individual or a group. The product can be intangible or tang...

🔽Bank reconciliation🔽 Bank reconciliation explains the difference between the bank balance shown in an organization's bank statement and the corresponding amount shown in the organization's accounting records, on a particular date. To reconcile the bank statement Go to 'Gateway of Tally > Banking > Bank Reconciliation' Select the name of the required bank The 'Bank Reconciliation' screen appears: Match every transaction with the bank statement and record the transaction date in the 'Bank Date' field. Accept the screen to reconcile the bank ledgers as per the corresponding banking statement. 🔽TRAIL BALANCE 🔽PROFIT AND LOSS ACCOUNT BALANCE SHEET 🔽COST CATEGORY IN TALLY

COMPUTERISED ACCOUNTING Computerized accounting is  the use of accounting software to record, store, and process financial transactions electronically, replacing manual methods like ledgers . This system automates tasks like invoicing and payroll, leading to increased accuracy, efficiency, and faster reporting. 🔽ADVANTAGES 🔽 1.Speed and efficiency:  Tasks like data entry, calculations, and report generation are much faster, saving significant time compared to manual methods.  2.Accuracy:  Automation reduces human error from manual calculations and data entry, leading to more reliable financial records.  3.Real-time data:  Financial information is updated immediately, providing up-to-date insights for better and more timely decision-making.  4.Automated reporting:  Generating financial statements like profit and loss accounts and balance sheets becomes an instant process.  5.Reduced paperwork and storage:  Storing records el...

🪧 ONLINE BANKING 🔽  Internet banking allows a user to conduct financial transactions via the Internet. 🔽 Internet banking is also known as online banking or web banking. Features of Internet Banking 1.The customer can view account statements. 2.It is 24 x 7 services. 3.The customer can check the history of the transactions. 4.The customer can buy and sell on e-commerce platforms. MOBILE APPLICATION BANKING Mobile banking is a service that allows a bank's customers to conduct financial transactions using a mobile device.  CORE BANKING 👉Core Banking System (CBS) refers to a common IT solution wherein a central shared database supports the entire banking application.  👉It allows theuse various banking facilities irrespective of the bank branch location.   characteristics   1.There is a common database  2.Branches function as delivery channels providing services to its customers. 3. centralized Banking Application software...

INTERNET VULNERABLE 🔽A vulnerability is a weakness in an IT system that can be exploited by an attacker to deliver a successful attack.  🔽They can occur through flaws, features or user error, and attackers will look to exploit any of them, often combining one or more, to achieve their end goal. 🔽The internet is vulnerable due to weaknesses, known as vulnerabilities, in hardware, software, and user behavior that cybercriminals can exploit to steal data or disrupt services. 🔽 Common vulnerabilities include unpatched systems, misconfigured network devices like routers, and weak passwords.  HACKING hacking is the act of exploiting vulnerabilities to gain unauthorized access to a computer system, network, or digital device for various purposes, including data theft, system disruption, or manipulation. DATA THEFT Data theft in cybersecurity is the unauthorized access and copying, transfer, or retention of sensitive personal, financial, or proprietary info...