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...
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...
GST amendment w.e.f. 1st January 2022
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.
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...
Basics of Accounting
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.”
Bid Adieu 2021 and Welcome 2022
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...
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...
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...
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
