Meaning of gain in tally Accounting What is gain and how is it calculated in tally. Often people take income and gain as one, but these two are completely different. If a person buys an item for Rs.20000/- and when the person sells that item for Rs.25000/-, he gets a profit of Rs.5000/-, then he is known … Read more
Meaning of Discount in tally? What is discount in tally? Some percentage is deducted or reduced from the original price of any product, it is called discount. Let me explain discount to you in a simple way. If you went to a shop to buy a computer and on that you are getting that computer for 40000/-. If … Read more
How to Become a Computer Expert Hi friends, you already know that nowadays everything has become digital, and how much competition has increased, now the interest of the students studying in this way is increasing more in the field of computer and technology, everyone is in the computer field. Wants to make his future, someone wants … Read more
Meaning of Interest in Tally Accounting What are the interest . And what is the interest in tally accounting. the interest is that amount, then it is given by a debtor to the moneylender in exchange for money. When a person borrows any loan or money from any place, then interest has to be paid on the … Read more
What Is a Petty Cash in Accounting A petty cash fund is a small amount of company cash, often kept on hand (e.g., in a locked drawer or box), to pay for minor or incidental expenses, such as office supplies or employee reimbursements. A petty cash fund will undergo periodic reconciliations, with transactions also recorded … Read more
Definition of Seller in Business What are sellers in business? And why are they necessary for any market. A seller is a person or entity engaged in providing goods or services or property to the buyer. These are the people who give goods or services to the buyer in exchange for money. It is mandatory … Read more
Bank Reconciliation Statement in Accounting What Is a Bank Reconciliation Statement? A bank reconciliation statement is a summary of banking and business activity that reconciles an entity’s bank account with its financial records. The statement outlines the deposits, withdrawals, and other activities affecting a bank account for a specific period. A bank reconciliation statement is a useful financial … Read more
Definition of the loan in tally accounting? Definition of the loan in tally accounting? A friend’s loan is money taken by a person or company from any bank or financial institution to fulfill his personal needs. In which we pay back that money with interest. In simple language, the loan is said to be the … Read more
What Is Finance? Finance is a term for matters regarding the management, creation, and study of money and investments. Finance can be broadly divided into three categories: “Finance” is typically broken down into three broad categories: Public finance includes tax systems, government expenditures, budget procedures, stabilization policy and instruments, debt issues, and other government concerns. Corporate finance … Read more