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...
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...
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...
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...
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...
Online PF Withdrawal Process
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Each and every employee received UAN No. from their
employer i.e. Universal Account Number.
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...
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.
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
Introduction Of Accounting
Meaning of Accounting
Accounting
is an art of systematically recording, classifying, summarizing of transactions
and events in terms of money which are at least a part of financial character
and interpreting (describe)...
