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Month: June 2018

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Free Tally Training For Cancer Affected Family Members

Friends in our today’s article we will not discuss about any knowledge updates. Today…

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Free Tally Training For Cancer Affected Family Members - s20

Friends in our today’s article we will not discuss about any knowledge updates. Today we have decided to launch a social initiative and we are making a formal declaration through this article. Super 20 Training Institute also known as S20 – being the best Tally Training Institute in Ahmedabad decides to nurture the culture of learning tally among employable cancer affected family members and in turn help them to get employment.
This thought came to our mind just because we have talked to a doctor and got to know that every year there are approx. 15 lakh patients diagnosed with cancer. We have not verified the figure. But we have realized that there is a problem in society. These patients have family responsibilities to shoulder. There will be family members who may need employment immediately. By enrolling these members for free for our Tally Course in Ahmedabad and by providing them Tally Training in Ahmedabad, we can help them in getting a good accounting job or they can make career in accounting or such other related field.

Eligibility: 12th pass candidate from any stream

Medical Certificate: Medical certificate from an oncologist certifying any one of cancer affected father, mother, brother, sister, husband, wife, child.

Course: Executive of Commerce Course (covers tally training, accounting training, GST training, income tax training etc.)

Duration: 3 Months

Placement: After completion of the course

Fees: No fees. 100% scholarship will be provided to the candidate.

About EC Course:
EC Course is a flagship course of S20. It is a practical training program for commerce students. Non-commerce students / businessmen can also take advantage of this course. Many students every year take this course and get 100% placement assistance from the institute. EC Course is ideal for students looking for Tally Course, Accounting Course, GST Course, Income Tax Course, Taxation Course, because it covers various 9 modules which encompass all the above learning areas.

About S20:
Super 20 Training Institute famously S20 is N0.1 Tally Training Institute in Ahmedabad. S20 is started by a team of Chartered Accountants lead by CA Jigar Patel. One can contact the institute by calling on 7069646028 as well as by visiting www.s20.in. All of the courses offered by S20 have a simple learning mantra “No Books… Only Practical…”

Let us fight cancer by helping affected families. Let us train people and make them employable through skill development.

Posted on by admin-s20

Accounting with GST – Purchase

Despite people taking accounting courses in Ahmedabad, Tally courses in Ahmedabad, GST courses in…

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accounting-GST

Despite people taking accounting courses in Ahmedabad, Tally courses in Ahmedabad, GST courses in Ahmedabad, at times, we find due to clerical errors and lack of due diligence Accountants in Ahmedabad cause loss to their clients.

Hence, in our series of articles explaining accounting with GST today we will discuss purchase accounting with GST.

When we make purchase, we actually pay GST to the vendor/creditor. Under GST mechanism, we will then get credit of GST paid to the vendor. So it is very important for us to do this section very carefully.

Let us take a practical case to get accounting training / GST training in this matter.

Rittal Enterprise in Ahmedabad is a textile trading firm based at Ahmedabad. They purchase readymade shirts from Vittal Enterprise in Ahmedabad, a shirts manufacturer based at Ahmedabad.

Suppose Rittal Ahmedabad have purchased 1,000 nos. of shirts @ Rs. 500/- from Vittal Ahmedabad. Hence, total purchase value is Rs. 5,00,000/-

Now from the lookup of our GST training, we got to know that GST @ 5% is applicable on these kinds of products. Since the purchase is within state CGST @ 2.5% and SGST @ 2.5% will be applicable on this transaction. Since this is a purchase transaction these will be input GST. Input CGST Rs. 12,500/- and Input SGST Rs. 12,500/- will be paid to the vendor.

Now let us understand accounting effect in the books of Rittal Enterprise Ahmedabad:

Purchase of trading goods will always debited in the books of accounts. So, Purchase A/c Dr. Rs. 5,00,000/-. Input CGST and SGST are credits receivable hence they are debited in the books of accounts by Rs. 12,500/- each. The goods are purchased on credit hence Rittal Enterprise Ahmedabad is yet to pay to Vittal Enterprise Ahmedabad. So, Vittal Enterprise Ahmedabad is a creditor and their account need to be credited. So, final entry will look like as below:

Purchase A/c Dr.   Rs. 5,25,000/-
Input CGST Dr.      Rs. 12,500/-
Input SGST Dr.      Rs. 12,500/-
To Vittal Ent. Cr.    Rs. 5,25,000/-

Though this article has its own limitations, you can contact us for various accounting courses, GST courses, tally courses, wherein we try to cover such topics from a very practical perspective based on actual case studies. Super 20 Training Institute is proud to serve students in capacity of the best accounting training institute in Ahmedabad.