Commerce Lab aims at stressing the importance of practical application of knowledge gained through theory. It helps students and staff members aware of the latest developments in the business World. Commerce Lab helps in developing entrepreneurial capabilities and personality development among the students.
Commerce Lab at our college was introduced as a part of the curriculum and assessment to emphasize the importance of practical application of knowledge gained through theory. It also inculcates innovation, creativity of students by updating them of the latest happenings in the field of commerce. Commerce Lab provide much needed practical exposure to students in the field of Trade, Commerce & Industry on daily basis. Group discussions are initiated and conducted on current topics. Our commerce lab provides practical exposure of the current process, procedures and practices followed by various organisations in conducting commercial practices in business and expose the students to all Forms, Formats and Formalities.
1.Practical orientation to students on matters relating to Banking, Insurance, Taxation, E-marketing, Foreign Trade, Corporate affairs, Stock exchange, online filling of Various Forms, Bank Challans, GST details, Finance, HR, Auditing etc.
2. Display photos of the successful business icons.
3. Preparation of Charts, Models, News Letters by students for display for eg. ATM Machine Models, Marketing Model.
4. Online entry of forms / IT Returns – ITR1, ITR2 etc.,
5. Students are asked to fill different kinds of Forms as part of their assignment making them aware of rules and regulations of such forms. For eg. Forms used in banks, Pay-in-slips, Account opening Form, Deposit and withdrawal forms, Debit, Credit, ATM cards, insurance forms, forms at Tax Department, NEFT, RTGS forms
etc.,
1.Prospectus, Share Certificates, Debenture Certificate, Memorandum of Association, Articles of Association, Annual Reports, Director/Chairman’s Reports, Audited Balance Sheets, Profit and Loss Accounts etc., of the various companies, which help students to study, compare, evaluate and analyze the financial position are kept.
1. Consumer Forum Forms for dealing with consumer redressals.
1. Financial Bills like Bills of Exchange, Promissory Notes, Quotations, D.D. Cheques, counter foil, Correspondence etc, are kept.
1. Prospectus regarding Professional Educational Courses like CA, ICWA, CS, MBA, PG & other Higher Educational Courses are displayed to help them to choose the courses of study.
2. Students are taught e-filling of income tax returns.
3. Preparation of charts by students on commerce related topics.
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