Accounting

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...

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...

Enjoy this special time of year with those you love, and may the God bless you all with a happy and healthy New Year.​We wish you and your loved ones a very Happy and...

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,...

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...

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...

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...

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 &...

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...