Income Tax | GST | Accounting
Income Tax | GST | Accounting
Expense Entries Expense Entry in Text Books We record entry in text books Expense A/c – Dr. To Party/ Cash / Bank A/c later, we have to close the ledger and transferred to profit and loss A/c Profit and loss A/c – Dr. To Expense A/c Expense Entry in Practical Life We follow the concept […]
Difference Between Manual Accounting & The Computerized Accounting In this post, we will see the difference between Manual Accounting and Computerized Accounting. In accounting, the transactions are recorded, processed, and presented as per the applicable financial reporting framework and the final result is the financial statements. These financial statements help the readers in the decision-making. […]
