For commerce graduates in India, online courses have become the fastest, most flexible way to stay ahead in a rapidly evolving job market. Online courses for commerce students can help you in shaping your career in the right direction. With traditional degrees no longer enough to secure high-paying roles, platforms like Coursera, upGrad, Udemy, ICA […]
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The “Scope of Supply in GST” is the heart of the Goods and Services Tax (GST) regime in India, defined under Section 7 of the CGST Act, 2017. It determines which transactions attract GST by broadly covering different forms of supply of goods or services—sale, transfer, barter, exchange, licence, rental, lease, or disposal—made for consideration […]
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Depreciation entry in accounting is a systematic allocation of the cost of a tangible fixed asset over its useful life, reflecting the asset’s gradual loss in value due to wear and tear, obsolescence, or usage. In accounting, depreciation entry records this non-cash expense in the books, ensuring that the cost of the asset is matched […]
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SAP FICO transaction codes (Financial Accounting and Controlling) is a core module in SAP ERP that manages financial transactions, reporting, and cost control. Transaction Codes (T-Codes) are alphanumeric shortcuts (e.g., FB01, KO88) used to quickly access specific functions, bypassing complex menu navigation. In FI, key T-Codes handle general ledger (GL) postings (F-02), accounts payable (F-53), […]
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Bill Allocation in Tally Prime is a powerful feature that enables businesses to efficiently track and manage payments against specific invoices, ensuring accurate accounts receivable and payable reconciliation. Unlike simple receipt or payment entries, bill allocation links transactions to individual bills (sales or purchase), preventing mismatches and supporting precise aging analysis. This is especially vital […]
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A Trial Balance in Tally Prime is a crucial financial report that summarizes the balances of all ledger accounts at a specific point in time, ensuring the accuracy of bookkeeping by verifying that the total debits equal the total credits. It serves as a foundation for preparing financial statements like the Balance Sheet and Profit […]
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