JOURNAL ENTRY
Professional fees of Rs.100000/- is paid to a consultant Thakur & Co. Please pass the necessary Journal Entry for both situation.
Situation A: If Thakur & Co. having not GST registration
Situation B: If Thakur &...
JOURNAL ENTRY
ABC Ltd received a legal advice from Thakur & Co. (Advocate
Firm) and legal fees of Rs.100000/- is paid to a Thakur & Co.
Please pass the necessary
Journal Entry in the books of ABC Ltd.
1st
Journal Entry
Legal...
KEY WORDS OF ACCOUNTING
1. Business
Any legal action that is done in order to earn income or profit is called business. It includes the production of goods and services, purchase and sale of goods and services, banking, insurance,...
Double-Entry System
What is the Double-Entry System?
The double-entry system of accounting or bookkeeping means that for every business transaction, amounts must be recorded in a minimum of two accounts. The double-entry system also requires that for all transactions, the amounts...
Key Terms of Budget
Guide to understand Budget 2021(For Apr 2021 to March 2022)The budget is also known as the annual financial statement, which is presented by the government to highlight its expenditure and receipts.* Revenue expenditure (Income...
Basic Information about Companies
COMPANIES
SECTION 2(20)
As per Section 2(20) of Companies Act, 2013 A company means a company incorporated under this act and any previous Company law.
Features of company
T – Transferability of shares
O – Ownership is different from...
Online PF Withdrawal Process
Request you to all viewers please like and share my website i.e. http://www.overallaccounting.com/
Each and every employee received UAN No. from their
employer i.e. Universal Account Number.
UAN No. is having 12 digit no.
Initially we will have...
Tools and Techniques of Financial Statement Analysis
Financial statement analysis is the process of analyzing a company's financial statements for decision-making purposes. External stakeholders use it to understand the overall health of an organization as well as to evaluate financial performance...
Happy Holi!! ❤️🧡💛💚💜
On the auspicious day of Holi, May the Almighty bless us all with good health, wealth, peace, joy, happiness and above all, togetherness.
A very Happy Holi to everyone.🔴🟢
Advance PF Claim For Outbreak of Pandemic (COVID-19)
A
Eligibility to file online claim for the purpose “Outbreak of pandemic
(COVID-19)”
UAN should be
activated.Verified Aadhar should be linked with UANBank Account with IFSC code should be seeded
with UAN
B Eligible Amount
Upto
75% of PF balance (Employee share...
