Latest topic of Financial Accounting and Goods and Services Tax

Promissory Note Meaning and explanation - Latest topic of Financial Accounting and Goods and Services Tax

Promissory Note: Meaning and Explanation

Promissory Note: A promissory note is an instrument that contains the written and signed promise by the maker(debtor) to pay a certain ...
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Bills of Exchange Meaning and explanation - Latest topic of Financial Accounting and Goods and Services Tax

Bill of exchange (BOE): Meaning and Examples

Bill of exchange: A bill of exchange is an instrument that contains a promise to pay some amount of money to ...
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Suspense account  - Latest topic of Financial Accounting and Goods and Services Tax

Suspense Account: Meaning and explanation

Suspense Account: - The suspense account is that account in which we have to record the all those business transactions which ...
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Difference Between Direct and Indirect expenses - Latest topic of Financial Accounting and Goods and Services Tax

Direct and Indirect Expenses: Meaning and Differences

Difference Between Direct and Indirect expenses: - To know the actual cost of production we classified expenses into two subcategories these ...
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The difference between capital and revenue expenditures  - Latest topic of Financial Accounting and Goods and Services Tax

Capital and Revenue expenditures: Meaning and Differences

Difference Between capital and revenue expenditures: - To know the meaning of Capital and Revenue Expenditures, first of all, we have ...
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Error Rectification in accounting Explanation with examples  - Latest topic of Financial Accounting and Goods and Services Tax

Error Rectification in accounting – Explanation with examples

Error Rectification in accounting:- An error means the mistake. When we are doing some work here a number chances to do ...
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Difference between the Profit and Loss account and Balance Sheet - Latest topic of Financial Accounting and Goods and Services Tax

Difference between the Profit and Loss account and Balance Sheet

Difference between the Profit and Loss account and Balance Sheet:- The Profit and Loss account is the statement of income and ...
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Differences between Trial balance and balance sheet - Latest topic of Financial Accounting and Goods and Services Tax

Difference between the Trial Balance and Balance Sheet

Difference between the Trial Balance and Balance Sheet:- Trial Balance shows the total closing balance of all the ledger accounts for ...
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Differences between Gross profit and Net Profit - Latest topic of Financial Accounting and Goods and Services Tax

Difference between Gross profit and Net Profit

Difference between Gross profit and Net Profit: - Every investor invests his money in the business to earn profit from it ...
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Difference between Cash Book and Cash Account - Latest topic of Financial Accounting and Goods and Services Tax

Difference Between Cash Book and Cash Account

Difference Between Cash Book and Cash Account: - The Cash Book and Cash account are maintained for the same purpose i. e ...
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Difference between Journal and Ledger - Latest topic of Financial Accounting and Goods and Services Tax

Difference between Journal and Ledger

Difference between Journal and Ledger: - Difference between Journal and Ledger is that the journal is the first step of bookkeeping ...
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Difference between Cash Accounting and Accrual Accounting - Latest topic of Financial Accounting and Goods and Services Tax

Difference Between Cash Accounting and Accrual Accounting

Difference Between Cash Accounting and Accrual Accounting: - The business financial transaction means those transactions which have some monetary values and ...
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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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Modren rules of accounting feature image 1 - Latest topic of Financial Accounting and Goods and Services Tax

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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