Accounting and bookkeeping course There are various accounting and bookkeeping courses available for individuals interested in pursuing a career in this field. These courses can provide you with the necessary knowledge and skills to perform accounting and bookkeeping tasks effectively. Here are some common types of courses you can consider: Certificate or Diploma Courses: These… Read More »
Learning Bookkeeping and Accounting Here are some steps for Learning Bookkeeping and Accounting wich you can follow: 1. Study Relevant Resources: Start by gathering educational resources on learning bookkeeping and accounting. This can include textbooks, online courses, tutorials, and articles. Look for resources that cover the fundamentals of accounting principles, financial statements, bookkeeping methods,… Read More »
Do accountants do bookkeeping Yes, accountants can perform bookkeeping tasks as part of their responsibilities. While bookkeeping and accounting are distinct roles, there can be overlap between the two. Accountants have the knowledge and skills to handle bookkeeping tasks, but their expertise extends beyond basic record-keeping. To visit https://www.incometax.gov.in In some cases, accountant may choose… Read More »
Tax planning vs accounting Tax planning vs accounting: Tax planning and accounting are distinct but interconnected aspects of managing finances. Here’s a comparison between tax planning and accounting: Tax Planning: 1.Focuses on minimizing tax liability and optimizing tax-related strategies to legally reduce taxes. 2. Involves analyzing current and projected financial situations to identify tax-saving… Read More »
Journal Entry for Interest Paid The journal entry for interest paid depends on the type of transaction and the accounting method used by the company. Generally, when a company pays interest on a loan or a debt. The following journal entry is recorded: Debit Interest Expense (Income Statement) Credit: Cash/Bank (Balance Sheet) The “Debit” entry… Read More »
PF (Provident Fund) number PF number lookup using employer’s name: To get your PF (Provident Fund) number using your employer’s name, you can follow these steps: Visit the EPFO website (Employees’ Provident Fund Organisation). Click on the “For Employees” option and select “Know Your PF Balance” from the drop-down menu. Select your state and click… Read More »
Expert Vs Professional accountant Expert vs professional accountant, The terms “expert” and “professional” are often used interchangeably, but it is important to understand the distinctions between an expert accountant and a professional accountant. An expert accountant possesses specialized knowledge and skills in a specific area of accounting. They may have acquired additional certifications, qualifications,… Read More »
Bookkeeping and Accounting Bookkeeping and accounting are related to each other and often used interchangeably, but they are not the same thing. Here are some differences between bookkeeping and accounting: 1. Book keeping is the recording and organizing of financial transactions, while accounting involves interpreting, analyzing, and summarizing financial data. 2. Book keeping involves… Read More »
