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Is deferred revenue a liability and how does one account for it?

Is deferred revenue a liability and how does one account for it?

Corporations receive unearned revenue or deferred income in the form of an advanced payment…

What Are Best Ways To Improve Your Quality Management With Internal Audits

What Are Best Ways To Improve Your Quality Management With Internal Audits

If a company wants to be successful, quality management has to be a required…

Cash Flow Analysis – Basics, Benefits And How To Do It

Cash Flow Analysis – Basics, Benefits And How To Do It

The most important part of financial management is cash flow analysis. It is what…

What Are The New Income Tax Slabs, And Rates After Interim Budget 2024 For FY 2024-25?

What Are The New Income Tax Slabs, And Rates After Interim Budget 2024 For FY 2024-25?

On February 1, 2024, the Indian government issued an interim budget describing its financial…

Why Startups Fail and The Role of Accounting in Corporate Governance for Startups

Why Startups Fail and The Role of Accounting in Corporate Governance for Startups

Introduction Failures of startups, a recent example being Ahmedabad-based TechTrek have shown the risks…

How To Fix QuickBooks Administrator Permissions Needed Issue?

How To Fix QuickBooks Administrator Permissions Needed Issue?

The “QuickBooks Administrator Permissions Needed” mistake can significantly impede efficient accounting processes by blocking…

5 New Capabilities Of TallyPrime That Simplifies GST Compliance for Your Business

5 New Capabilities Of TallyPrime That Simplifies GST Compliance for Your Business

Upgrade to the latest TallyPrime Release 3.0 for easier GST management. With a more…

Why The Going Concern Concept Is Important In Accounting

Why The Going Concern Concept Is Important In Accounting

Overview Understanding accounting concepts is like learning a business language. The Going Concern Concept…

How to file TDS on the Sale of Property – Section 194IA

How to file TDS on the Sale of Property – Section 194IA

Navigating the complex world of tax regulations in real estate transactions is critical for…

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