Financial Compliances Financial Compliances yes, drafting a balance sheet is mandatory for a wholesaler in India. A balance sheet offers a glimpse into a business’s financial standing, comprising three key elements assets, liabilities, and owner’s equity at a specific moment. It consists of three main components: assets, liabilities, and owner’s equity. 1. Assets represent… Read More »
Net worth vs Authorized capital Net worth vs authorized capital are two separate financial terms with distinct meanings and purposes. Here’s a comparison between the two: 1.Net Worth: Net worth refers to the total value of an individual’s or organization’s assets minus its liabilities. It represents the financial position or wealth of the entity.… Read More »
Turnover Certificate For Gem Portal To obtain a turnover certificate for GEM portal (Government e-Marketplace), you may need to follow the specific guidelines and procedures outlined by GEM. While the exact format and requirements may vary. Here are the general steps you can take to obtain a turnover certificate for GEM: 1. Register on… Read More »
