Tag: Accountancy
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Subsidiary Company in Accounting
What is a Subsidiary Company in Accounting? Introduction: Subsidiary Company in Accounting delving into the realm of accounting, it’s easy to get lost in the sea of unfamiliar terminology. One such term that often puzzles individuals is “subsidiary company.” Fear not! In this blog article, we will simplify this accounting and provide you with a…
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Impacts of Accounting Services on Businesses
What are the impacts of accounting services on businesses? Introduction of the Impacts of Accounting Services on Businesses In the intricate landscape of modern business, accounting services have evolved into a pivotal force that drives financial stability, strategic decision-making, and overall growth. As businesses strive for excellence and efficiency, partnering with proficient accounting services has…
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Accounting for Fixed Assets
Meaning of Accounting for Fixed Assets Accounting for Fixed Assets means long-term palpable pieces of property that an establishment owns and uses in its operations to induce income. They aren’t anticipated to be consumed or converted into cash within a time. Exemplifications of fixed means include land, structures, ministry, and vehicles. Introduction of Accounting for…
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What is E-waybill
What is E-waybill Introduction A Simple Explanation for Easy Understanding In this article, we will demystify the concept of What is E-waybill and provide you with a clear understanding of what it is and how it works. So, let’s dive in! In the dynamic landscape of modern logistics and transportation, the concept of an E-Waybill…
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Provisions in Accounting
Meaning of Provisions in Accounting Meaning of Provision in Accounting, Some business charges run like clockwork. You know exactly when your installation’s rent payment will be due and how important you’ll need to pay. Other future charges, while necessary, involve some position of the query. For illustration, you can estimate the chance of guests that…
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Income Tax in India
Meaning of Income Tax in India 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 for citizens. The first Income-tax Act in India was introduced in 1860 on account of financial stress owing to the mutiny of 1857…
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TDS in Accounting
Meaning of TDS in Accounting The conception of TDS was introduced with the end of collecting duty from the veritable source of income. As per this conception, a person( deductor) who’s liable to make payment of a specified nature to any other person( deductee) shall abate duty at source and remit the same into the…
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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 other external parties which include investors, duty authorities, government, workers, etc. These typically relate to (a) the balance distance ( position statement) at the end of the…
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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 value of products and services. After figuring out the value you possibly can restore the earnings margin and additionally restorative the promoting charge. In this…