Tutor profile: Shruti S.

What are debentures?

Debenture is a certificate of agreement of loans which is given under the company's stamp and carries an undertaking that the debenture holder will get a fixed return and the principal amount whenever the debenture matures.

What are the five functions of management as per Henry Fayol?

The five functions of management are Planning, Organizing, Commanding, Coordinating and Controlling. Planning is looking ahead. This requires active participation of the entire organization. Organization can only function if it is well orgazed. The organizational structure with good division of functions and tasks is of crucial importance. Commanding means giving orders and clear working instructions to employees. Coordinating means when all activities are harmonized.

What is deferred revenue expenditure?

Deferred revenue expenditure means types of assets whose usefulness do not expire in the year of their occurrence but generally expires in the future and the benefit is enjoyed over a number of years. These are carried forward and are written off in future accounting periods. Eg. if we undertake substantial repairs to the existing building.