Anuj sells goods on credit to Suraj. He receives 10 % trade discount from
Anuj and further 5 % cash discount if payment is made within 15 days. If
goods sold were of list price Rs. 2,00,000 what will be the journal entry at
the time of sale in the books of Anuj.
Answers
Answer:
UNEMPLOYMENT
The problem of unemployment is a harsh, worldwide reality. Even developed countries like the U.S., England, France, Germany, and Italy, etc. also suffer from this problem, but it is more pronounced in India.
With the passage of time it has become worse. It has become a threat to India’s economic well- being and social development. It is one of the major causes of our poverty, backwardness, crimes and frustration among the people. India is the second largest country after China in terms of population and manpower. But because of large scale unemployment, this manpower is not being utilized. There are capable and willing hands but there is no suitable employment for them and they are forced to remain idle.
The ever increasing number of job-seekers on the live registers of employment exchanges shows how alarming and serious this problem has become in recent years. But this only gives a rough idea of the problem because all the job-seekers and unemployed persons do not get themselves registered with the employment exchanges. Moreover, there are no employment exchanges in the villages and rural areas of the country.
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There are millions of young men and women waiting for job opportunities. This chronic problem of unemployment is not confined to any particular class, segment or society. There is massive unemployment among educated, well-trained and skilled people, and it is also there among semi-skilled and unskilled labourers, small and marginal farmers and workers. Then there is under-employment. The jobs being created have miserably failed to keep pace with the ever increasing number of job-seekers. It is a problem which presents a great challenge to our leaders, thinkers, planners, economists, industrialists and educationists.
In the far flung areas, villages and towns, the problem is all the more acute, as there are thousands and thousands of workers and farm labourers who do not have their own piece of land to cultivate. Majority of our farmers too, have very small holdings. Consequently, they remain idle for many months of the year. This has resulted in a mass exodus from villages to the cities and large towns. It is because of this limitless unemployment that the majority of our population has been living below the poverty line. The problem of unemployment has also given rise to many other serious problems, like extremism and terrorism. We should not forget that an idle mind is the devil’s workshop. Many a young man takes recourse to lawlessness, violence, anti-social activities, terrorism and extremism because of frustration arising out of prolonged unemployment and lack of proper job opportunities.
A frustrated and unemployed man or woman can prove a very dangerous person. He or she will never allow others to live in peace. Many of our law and order problems are directly linked with this problem of unemployment among our young men and women. They are full of energy, drive, and initiative. If not properly oriented, these are bound to explode into harmful and anti-social activities. Therefore, it is the need of the hour that the youth is suitably employed and its energies, capabilities and skills are harnessed for fruitful and nation- building activities. If this problem is solved, many other problems would be solved automatically. For a democratic country and a welfare state like ours, unemployment is a big curse, which can be eliminated to a great extent by proper manpower planning and creation of job opportunities on a large scale. If the rise of our manpower cannot be reduced, it becomes imperative that the demand for it is sufficiently increased by proper short and long term planning, both in public and private sectors.