Today, most businesses will agree that employees are their biggest assets. Companies invest a lot in terms of hiring the
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Adjustment entries in Tally for accruals and advances
As most of us would be aware, matching principle is one of the most important principles of accounting. In simple
Continue readingAll About Deferred Tax – What You Need To Know
Contrary to its name, deferred tax is actually an accounting concept. It is governed by Accounting Standard 22, which is studied
Continue readingThe Benefits Of Learning Accounting Via An Institute
Accounting is no more simply limited to maintaining bookkeeping, profit and loss and balance sheet. As many companies now turn
Continue readingFundamentals of TDS
As most of us are aware, TDS actually stands for tax deduction at source. While this is easily known to
Continue readingThe Accounting Skills You Need To Succeed
Every second person is now aspiring to be an accountant due to the unending demands for the same. But they
Continue readingThe Types Of Accounting Software Leveraging Accounting Task To A Great Extent
Accounting software becomes imperative as the business expands, making the accounting of expenses, stock, profit, bills, payments, receivables, etc much
Continue readingAccounting Reserves: Concept
Several times we have heard the word reserve in accounting but the exact meaning is at times not explained in
Continue readingUnderstanding Methods of Depreciation
Generally, methods for providing depreciation are based on the formula developed on a study of the behavior of the assets over
Continue readingDepreciation: Concept
As you are aware that during various accounting courses fixed asset accounting is highly stressed upon. Fixed assets like plant
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