Latest topic of Financial Accounting and Goods and Services Tax

Trading Accounts Feature Image - Latest topic of Financial Accounting and Goods and Services Tax

Trading Account: Meaning, Format and Examples

Trading Account: - Trading account is prepared to find out the gross profit of the business for the particular accounting period. It ...
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Final Accounts Feature Image - Latest topic of Financial Accounting and Goods and Services Tax

Final Accounts: Definition and Explanation

Final Accounts : - Final Accounts gives an idea about the profitability and financial position of a business to its management, owners, ...
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Provision and Reserve Feature Image  - Latest topic of Financial Accounting and Goods and Services Tax

Provision and Reserve: Differences with example

Provision and Reserve: To know to differences between provision and reserve we have to know the meaning of both the terms are shown below: ...
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Reserve meaning types feature image  - Latest topic of Financial Accounting and Goods and Services Tax

Reserve: Meaning, type, Accounting treatment

Reserve:- A reserve refers to that proportionate amount of net profit or surpluses which is retained for the future payments. In ...
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Provision in Accounting Feature Image 1 1 - Latest topic of Financial Accounting and Goods and Services Tax

Provision in accounting: Meaning, Types, Treatment

A provision in accounting:- The provision in accounting means that amount which is charged against Profit or loss account(Income statement) for some ...
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Bank reconciliation Feature image  - Latest topic of Financial Accounting and Goods and Services Tax

Bank Reconciliation Statement | Process | Illustration |

Bank Reconciliation Statement: Bank Reconciliation Statement in short BRS, is an explanation of the difference between bank balance as per cash book ...
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Adjusting Entries Feature Image - Latest topic of Financial Accounting and Goods and Services Tax

Adjusting Entries | Explanation | Example

Introduction to Adjusting Entries According to an accrual concept of accounting we have to record all the income and expenses in the ...
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Trial Balance Feature Image - Latest topic of Financial Accounting and Goods and Services Tax

Trial Balance | Explanation | Methods | Examples

Trial Balance :  Trial Balance is the statement that shows the total balance amounts of all the ledger accounts for the ...
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Depletion Method of depreciation Feature image  - Latest topic of Financial Accounting and Goods and Services Tax

Depletion Method of Depreciation | Example

Depletion Method of Depreciation: Depletion Method of Depreciation is used for wasting assets like coal, mines, well and etc. The rate ...
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Kilometre Method of depreciation Feature image 1 1 - Latest topic of Financial Accounting and Goods and Services Tax

Mileage or Kilometre Method of Depreciation | Example

Mileage or Kilometre Method of Depreciation: Mileage or Kilometre Method of Depreciation is very much similar to the Machine hour rate ...
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Machine hour rate Method of depreciation Feature image 1 1 - Latest topic of Financial Accounting and Goods and Services Tax

Machine Hour Rate Method of Depreciation | Example

Machine Hour Rate Method of Depreciation: Machine Hour Rate Method of Depreciation is applicable to those assets of which we can ...
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Revaluation Method of Depreciation Feature image  - Latest topic of Financial Accounting and Goods and Services Tax

Revaluation Method of Depreciation | Example

Revaluation Method of Depreciation: Under Revaluation Method of Depreciation, where we did not know the accurate life of an asset or ...
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Financial Accounting Feature images - Latest topic of Financial Accounting and Goods and Services Tax

Financial Accounting | Introduction | Functions

Financial Accounting: - Financial Accounting is measurement, processing, and communication of financial information about a business or organization.it is basic ...
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basic terminology of Accounting fi - Latest topic of Financial Accounting and Goods and Services Tax

Financial Accounting Terminology

Financial Accounting Terminology: - If you are starting the study of Financial Accounting then firstly you have to know about important/Basic ...
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Principle of accounting feature image  - Latest topic of Financial Accounting and Goods and Services Tax

Basic Accounting Principles and Guidelines

Introduction: Every company must follow some rules and guidelines to prepare the financial statement which is pre-defined by the country's ...
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Accounting Cycle  - Latest topic of Financial Accounting and Goods and Services Tax

What is accounting cycle | Example | Diagram

Accounting cycle is the step by step process of recording, classifying and summarising business transaction for the particular financial year ...
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Accounting Equation Feature Image - Latest topic of Financial Accounting and Goods and Services Tax

What is Accounting Equation | Example

What is Accounting Equation: Accounting Equation is a basis of double entry system of accounting. Double entry system means every ...
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Journal Feature Image - Latest topic of Financial Accounting and Goods and Services Tax

Journal Entries | Meaning | Format | Examples

Journal Entries:- Journal Entries in Accounting is the process of analyzing and recording of business transactions in chronological (day ...
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Golden rules of Accounting feature image 1 - Latest topic of Financial Accounting and Goods and Services Tax

Golden rules of Accounting | Explained with examples

The Golden rules of accounting: Golden rules of Accounting is the basis of Journal and journal is the basis of the ...
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Modern Approach of Accounting

Modern Approach of Accounting The Journal is the basis of the accounting system, In Journal we record all day to ...
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GST Logo Feature Images - Latest topic of Financial Accounting and Goods and Services Tax

Goods and Services Tax (GST) meaning and overview

Meaning of Goods and Services Tax-: Goods and Services Tax (GST) is an indirect tax levied in India on the ...
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GST VS Old Indirect Taxes Feature image - Latest topic of Financial Accounting and Goods and Services Tax

Goods and Services Tax vs Old Indirect Tax Structure

Goods and Services Tax vs Old Indirect Tax Structure: - Goods and Services Tax vs Old Indirect Tax Structure: Here ...
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process of GST applicable Feature image - Latest topic of Financial Accounting and Goods and Services Tax

Implementation of GST and Acts of GST | with Example

Implementation of GST was very difficult because it will subsume multiple indirect taxes and will have to apply the whole ...
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Whom to register under gst - Latest topic of Financial Accounting and Goods and Services Tax

Whom to Register under GST(Goods and Services Tax) Act

Now you have to learn Whom to Register under GST(Goods and Services Tax) Act or when your Business need to ...
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exempted limit under GST feature Image - Latest topic of Financial Accounting and Goods and Services Tax

Exemption from GST Registration | Examples

In this topic, we will get to know that persons or businesses which have Exemption from GST Registration or which type ...
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Composition Scheme Feature image - Latest topic of Financial Accounting and Goods and Services Tax

Composition Scheme under GST(Goods and Services Tax)

Composition scheme under GST(Goods and Services Tax) is a very convenient scheme made for small-scale industries or businesses. In this scheme, ...
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GST Invoice Format Feature image - Latest topic of Financial Accounting and Goods and Services Tax

GST Invoice Format In India | Dynamic Excel Sheet | TutorsTips.com

GST Invoice Format In India: - GST Invoice Format In India is so crucial because this document explains the whole ...
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Bill of Supply Feature Image 1 - Latest topic of Financial Accounting and Goods and Services Tax

Bill of Supply under GST and Format of BOS

Bill of Supply under GST: - Under GST some following business (registered under GST or not) cannot collect tax on the sale ...
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