Who can apply for GST Registration Who should register for GST? All the businesses supplying goods whose turnover exceeds INR 40 lakh in a financial year are required to register as a normal taxable person. However, the threshold limit is INR 10 lakh if you have a business in the north-eastern states, J&K, Himachal Pradesh, …
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You are an accounting professional, so you also need to learn all those special things which can help you grow in your work. Here we discuss certain formula PMT: Financial Function in Excel PMT PERIODICAL PAYMENT REQUIRED In excel, PMT denotes the periodical payment required to pay off for a particular period with a constant …
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Journal entry of Rent received . What is rent received? Rent received is income by nature Income Is money received regularly for work ,interest or for services provided. Rent received is income because its for service provided to the tenant for providing room, house etc. Income is recurring in nature. Nature of income is nominal …
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What is Profit and Loss Accounts ? Profit and Loss Account is a type of financial statement which shows the result of business activities during an accounting period (i.e. Profit or loss). It directly related and considers reported income and expenses to an organization measuring the performance in terms of profit & loss. Trading Accounts …
What Profit & Loss Account why and How it is prepared? Read More »
What is Trading Accounts ? Trading accounts is first part of Income statement .It shows either Gross Profit or Gross Loss. The Gross Profit or Gross Loss is then transfer to Profit and Loss Accounts which is secound part of Income statement . Now We can say that Trading accounts is prepared to calculate gross …
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What is Ratio Analysis ? This is a branch of accountancy which deals exclusively with the relations between the various items in the Final Accounts of a concern .Thus it is the process of determining and interpreting numerical relationship between figures of the financial statement. A ratio is simply one number expressed in terms of …
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Opening entries In Accounting In Accounting Assets and Liabilities are transferred from one financial year to another financial years . Opening Entries are those entries which are made at the starting of accounting years . The opening balance is usually that balance which is brought forward at the beginning of an accounting period from the …
What is Data Analytics ? Who is a Data Analyst? Data analytics enables organizations to analyze all their data (real-time, historical, unstructured, structured, qualitative) to identify patterns and generate insights to inform and, in some cases, automate decisions, connecting intelligence and action. Today’s best solutions support the end-to-end analytical process from accessing, Data Analysts are …
What is Data Analytics and what are the skills required to be data analyst? Read More »
An accountant is a professional who performs accounting functions such as account analysis, auditing, or financial statement analysis. and returns filing. What is Accounting ? “Accounting is an art of recording, classifying and summarizing in a significant manner and in terms of money event and transaction which are at least of financial character and interpreting …
Accounting Interview Questions with Answers 2021 Read More »
डेटा साइंस क्या है ? डेटा साइंस “विभिन्न तकनीकों, एल्गोरिदम का उपयोग करके बड़ी मात्रा में structured or unstructured data दोनों का विश्लेषण करने के लिए, उपयोगी डेटा निकालने के लिए, इस प्रकार उन्हें विभिन्न व्यावसायिक डोमेन में लागू करने के बारे में है | डेटा साइंस वैज्ञानिक पद्धति, गणित और सांख्यिकी, विशेष प्रोग्रामिंग, उन्नत …
डेटा साइंस क्या है और डाटा साइंटिस्ट क्या करते है | Read More »
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