WELCOME

Welcome to "Learning Made Easy" Platform

This is a platform providing some basic knowledge on important fields of mental development necessary for our sustenance in lives.

Economics and Accounting are two most important aspects of our everyday life. We need to think in terms of both these subjects in exerting any kind of transactions beginning from purchasing vegetables, stores and provisions to payment of bills, as well as dealing with banks, shopping, and monthly budgets, etc. Each business enterprise whether small or big, local or national, or multinational (let it be retail, wholesale, kind of trading, manufacturing, or marketing, or service provider) - needs at least some basic idea of accounting, planning, and managing.

Every transaction needs both counting and planning.

  
Counting is Accounting whereas planning is Finance/Economics. 

Primitive man first started with counting the objects. This gave birth to numbers 1 to 9. Then '0' was invented. This gave rise to all the big numbers making tens, hundreds, thousands, millions and so on as man became social, cultured, and civilized. Additions, subtractions, multiplications, and divisions all evolved. Then other advanced versions of algebra, geometry, and trigonometry developed. Accounting books and software developed. Thus everything evolved from the basic need for counting which continuously developed into the present mostly sophisticated fields of accounting methods and principles.

As accounting started, man was able to get a clear knowledge and good track of all his transactions. Then he began to feel that he can manage things with proper planning and allocation of resources. This made him to economize everything so as to match the ends with means. It resulted in various economic principles and theories.

So you can see that accounts and economics go hand in hand along with Finance to make our lives better positioned.

Through this blog, I try to provide some basic knowledge of the many aspects and terminologies useful in accounting, economic, and financial matters.