Accounting

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.🔴🟢

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...

Deductions Available under Chapter VI of income tax Chapter VI A of Income Tax Act contains various sub-sections of section 80 that allows an assessee to claim deductions from the gross total income on account of various...

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...

Accounting •Accounting is the process of identifying, measuring, and communicating economic information to permit informed judgments and decisions. Put more simply, accounting is the “language of business.” •“Accounting is the art of recording, classifying and...

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...

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) the result there of. Transactions It means a financial...

Warmest wishes from www.overallaccounting.com for a wonderful Christmas and a lovely new year that is full of great #health, #happiness and #success in all your #future endeavors.

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 &...

We would like to inform you that CBIC has notified the specific provisions to be effective from 1st January 2022. We have summarized a few of them below. 1. Blocking of GSTR-1 for non-filing of...