RANA Commerce

  Chapter: 7 "Double Entry System"  PDF (Link here)

  Unit 5: Organising: Concept, Process and Importance Organising as a Process Organising is the process of defining and grouping the activities of the enterprise and establishing authority relationships among them. The ‘organising’ function is a means for translating plans into action. It involves organising resources needed, optimum utilisation of resources, translation of work into attainable tasks, empowering the workforce to accomplish these tasks, etc.  The management function of organising ensures that efforts are directed towards the attainment of goals laid down in the planning function in such a manner that resources are used optimally and people are able to work collectively and effectively for a common purpose.   Organising is the process of identifying and grouping the work to be performed, defining and delegating responsibility and authority, and establishing relationships for the purpose of accomplishing objectives.  Organising essentially implies ...