Source documents in accounting are some of the essential internal documents of the company which acts as an evidence for your business deals. For the reference point they function as one of the essential bookkeeping processes. Each time a paper trail is created whenever a business engages in financial transactions. In most of the cases […]
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Do you feel nervous before your interview on journal entries questions and answers? If yes, then this article can provide you with the solution to your problems. As in this article, you will get all the answers of your queries regarding journal entries. Journal entries is a primary book of accounts where all the financial […]
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Have you ever thought of the fact why certain business expenses are different from others? All the answer lies in the fundamental differences between capital & revenue transactions. In this blog you will learn about the basics of capital and revenue transactions. This will help you to meet your goals with ease. As things are […]
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Accounting concepts & conventions can become complicated for you if you do not possess a clear idea about them. All the financial transactions are done on the basis of these basic principles. You also need to follow them to complete your financial record-keeping process. Your concepts regarding this matter need to be absolutely crystal clear. […]
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In India, if you own a house and it generates revenue in the form of rent or in any other form, then it falls under income from house property. As per the Income Tax Act 1961 if you own any house property and it generates revenue for you then it is a taxable income. Now, […]
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Whenever you develop a strategic business plan then accounting records play a vital role in contributing the business growth. A chart of accounts in accounting can offer you a clear picture of the current status of your business’s financial position. All the financial data of your business can help you to make the right strategic […]
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