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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Are you interested in developing your career as an accountant but you come from a science background in your 12th? I think this question is striking your mind repeatedly and making you confused about your career choice. Can science students become an accountant will no longer be a worry if you read this article? So, […]
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Are you worried about the accounts payable interview questions? If yes then this article can prove to be a game changer for you. Just you have to do one simple thing read this article till the end to get all the answers to your query. First of all, do not take too much stress and […]
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Audit Trail in Zoho books will help you understand the current status of the business and its modifications and financial transactions. This is one of the crucial facts that you must be well aware of from your counterpart. This ensures transparency, accountability, and compliance by tracking every change made to maintain the financial records. Additionally, […]
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Managing the company’s finances is very complex. General ledger accounting forms the backbone of any financial calculation for any company. This is a central hub that helps you manage all of a company’s finances. It offers a clear and accurate picture of the business’s financial health. A general ledger is a foundation tool that ensures […]
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