Book writing works and materials Book writing works and materials Sure, here are the steps on how to record labor costs for construction projects: 1. Identify the labor costs. This includes the wages of the workers, as well as any other associated costs, such as payroll taxes, benefits, and overtime pay. 2. Track the… Read More »
Balance sheet for Grocery Balance sheet for Grocery, The balance sheet draft does not capture the earnings from Grocery & Merchandise Stores. It presents a static view of a company’s assets, liabilities, and equity at a specific moment. Revenues are not assets, liabilities, or equity, so they do not appear on the balance sheet. Revenues… Read More »
Financial Statements Audited for Restaurant Here are some key of Financial Statements Audited for Restaurant setting: 1. Income Statement: This statement presents the business’s revenues and expenses over a defined timeframe, such as a quarter or a year. It serves to calculate the net profit or loss for that period. 2. Balance Sheet: The… Read More »
Balance Sheet for Real Estate Agents The necessity of drafting a balance sheet for real estate agents in India isn’t a straightforward matter with a simple “yes” or “no” answer. It hinges on several factors, including the real estate agency’s size, structure, the nature of its property transactions, and the legal stipulations of the… Read More »
Account of Furniture and Appliances Account of Furniture and Appliances, Account finalization refers to the comprehensive procedure of concluding all financial accounts within a specific timeframe, such as a quarter or a year. This process encompasses the summarization of all transactions, the reconciliation of accounts, and the implementation of any required adjustments. Account of Furniture… Read More »
Balance Sheet Requirement Yes, creating a balance sheet requirement is obligatory for textile and apparel traders and establishments in India. Under the Companies Act of 2013, which governs Indian businesses, all companies are require to formulate a balance sheet as an integral part of their annual financial records. This mandate encompasses both publicly traded… Read More »
Financial Transactions Financial Transactions Of course, here are the essential financial transactions that a real estate agent ought to document in their bookkeeping: 1. Income from commissions: This is the primary source of income for most real estate agents. It is important to… Read More »
Bookkeeping for Furniture and Appliances Here are some effective strategies Bookkeeping for Furniture and Appliances, Trader & Stores: 1. Conduct thorough research: Prior to making any purchases, it’s essential to have a clear understanding of your desired items and budget. Read reviews, compare prices, and be on the lookout for ongoing sales and discounts. 2.… Read More »
Statutory Audit for Real Estate Here are the potential consequences of a delayed filing Statutory Audit for Real Estate: 1. Penalty: The Real Estate Regulatory Authority (RERA) can impose a penalty of up to Rs. 10,000 for delayed filing of the statutory audit report. 2. Suspension of registration: RERA can suspend the registration of the… Read More »
Balance sheet for Furniture and Appliances The threshold limit of balance sheet for Furniture and Appliances: Trader & Stores in India is 2 crores. This means that any business in this sector with a balance sheet total of more than 2 crores is required to be registered under the Companies Act, 2013. The threshold… Read More »
