Income Tax in India
Meaning of Income Tax Income Tax in India, Income taxes are a source of revenue for governments. They are used to fund public services, pay government obligations, and provide goods …
TDS in Accounting
Meaning of TDS in Accounting The conception of TDS was introduced with the end to collecting duty from the veritable source of income. As per this conception, a person( deductor) …
Financial Statements of a Company
Meaning of Financial Statements Financial statements of a Company are the introductory and formal periodic reports through which the commercial operation communicates fiscal information to its possessors and colourful other …
Operating Costs in Accounting
Meaning of Operating Costs in Accounting Operating costs in accounting are the charges that are related to the operation of a business, or to the operation of a device, element, …
Methods of Costing in Accounting
Methods of Costing in Accounting Methods of Costing in Accounting or value accounting is a department of accounting that offers recording classifying and suitable allocation of expenditure to decide the …
Accrual vs Cash Basis of Accounting
Accrual vs Cash Basis of Accounting Accrual vs Cash Basis of Accounting- In order to duly apply for bookkeeping, companies need to first choose the accounting system they will follow. …
Difference between cryptocurrency and digital currency
DIGITAL CURRENCY Digital currency is essentially an electronic form of currency issued by the government while cryptocurrency is a repository of value, which is protected by encryption. Cryptocurrencies are called …
Profitability Accounting Ratios
What are Profitability Accounting Ratios? The profitability accounting ratios or fiscal performance are substantially summarized in the statement of profit and loss. Profitability rates are calculated to assay the earning …
Accounting Ratios
What is an Accounting Ratios? As stated before, Accounting ratios are a pivotal tool of financial statements analysis. Accounting ratios are the fine number calculated as a reference to the …
Bank Correspondence
The bank is a Financial Institution. The bank is one of the important aids to trade. The bank plays an important role in the economic development of the country by …