Significance of gain in count Bookkeeping What is gain and how could it be determined in count. Frequently individuals accept pay and gain as one, yet these two are totally unique. Assuming an individual purchases a thing for Rs.20000/ – and when the individual sells that thing for Rs.25000/ – , he gets a benefit … Read more
Importance of Sundry indebted person and leasers What are a various borrower and various lender? Whenever a finance manager begins a business, the financial specialist needs to buy many sorts of labor and products in the business. Whenever the matter of the money manager chugs along as expected, then, at that point, there are many … Read more
Updated New GST Rates as on Sep 2021 In the 45th meeting of the GST Council held in Lucknow on Friday, 17th September, many big decisions related to GST were taken. In which Nirmala Sitharaman ji has decided to increase the rate of GST in many goods and services. In this meeting, there has been a discussion about reducing … Read more
Meaning of debit note in tally accounting What is debit note? And why debit note is used in tally? Debit note means purchase return. In simple words, the definition of debit note is given, then when a buyer buys an item from a seller and if for some reason that item is returned by the buyer to the … Read more
Definition of purchase in Tally Accounting What are purchases in tally Accounting? Purchase in tally means, Such items are bought by the businessman which can be sold again by the businessman. When the raw material is bought by the businessman and after that it is sold then it is part of the operating activity of the … Read more
Meaning of Loan And Advance Assets in Tally Accounting What is loan and advance in tally and how to maintain loan and advance in tally. Loan and Advance is the amount given by the owner of the company to another person at a fixed time and at a fixed rate of interest. When a businessman starts a business, he has … Read more
What are groups in tally Accounting? Someone in tally is called a group. And what are these types? In Tally, groups are a group of ledgers of the same nature. And in Tally, the group of the ledger is called groups. In Tally, when the accountant maintains the group, the reason for maintaining them is that he … Read more
Understanding drawing in accounting What is drawing? and how to maintain drawing in accounting? The simple meaning of drawing is that when some item or cash is taken out of the business by the owner of the businessman, then it is known as drawing. Drawing is a type of representational personal account. When a person starts a new … Read more
What are manual invoice in business The AP process is a fundamental element of a company’s daily operations. With a departmental impact that can touch distant elements of the work, the business performs, efficient invoice processing and handling are essential to offering solutions instead of problems. Despite the importance of invoice processing, many businesses remain … Read more