Bookkeeping with no Experience Bookkeeping with no Experience, If you’re enthusiastic about pursuing a career or engaging in bookkeeping tasks but lack prior experience, here are a few steps to help you get started: 1. Learn the basics: Start by gaining a solid understanding of basic accounting principles and bookkeeping practices. There are numerous… Read More »
Liquidating Value Include Margin What is Liquidating Value? Liquidating value refers to the estimated amount that can be realized from selling off a company’s assets in a distressed situation, such as during bankruptcy or liquidation. It’s a measure of the total cash that could be generated if all assets were sold and liabilities were… Read More »
15CA definition Form 15CA is a declaration form required by the Indian government for certain remittances made by residents of India to non-residents. It is used to ensure that appropriate taxes deduct and pay to the government before the funds are transferred abroad. 15CA definition When an Indian resident makes a remittance to a… Read More »
Total Liabilities V/s Current liabilities Understanding the Difference Between Total Liabilities and Current Liabilities In the realm of finance and accounting, understanding a company’s liabilities is crucial for evaluating its financial health. Two key terms often encountered are total liabilities and current liabilities. While they may seem similar, they serve distinct purposes in financial… Read More »
Is Net Turnover the Same as Net Profit? When managing finances or reviewing a company’s performance, it’s essential to understand the difference between key financial terms like net turnover and net profit. While these terms might sound similar, they refer to entirely different concepts in accounting. Net Turnover: Net turnover, also known as net sales,… Read More »
Prepaid expenses vs preliminary expenses Prepaid expenses vs. preliminary expenses are two different types of expenses in accounting. It refer to the expenses that have been paid in advance but will incur in the future. Examples of prepaid expenses include prepaid rent, prepaid insurance and prepaid advertising. These expenses record as assets on the balance… Read More »
GST on raw material input If there is no GST on raw material input, then there will be no GST charged on the sale of the. However, if raw material use in the production of a taxable good or service. Then GST will charge on the value of the final product or service at the… Read More »
Debit invoice vs credit invoice Debit invoice vs credit invoice, A debit invoice and a credit invoice are two types of documents used in accounting to record financial transactions. They have distinct characteristics and implications: Debit Invoice A debit invoice is a document issued by a supplier to a buyer when additional goods or… Read More »
Net Revenue and Gross profit Net revenue, also called net sales, refers to the total income a company generates from its operations after deducting certain items such as discounts, returns, and allowances. It represents the actual amount of money a business brings in from selling its goods or services. Formula for Net Revenue: Net Revenue=Gross Sales−Returns−Allowances−Discounts\text{Net Revenue}… Read More »
Net Asset Value of a Hedge Fund The net asset value of a hedge fund refers to the total value of all the fund’s assets minus its liabilities. It is a key measure used to assess the performance and value of a hedge fund. NAV typically calculate on a per-share basis and represents the underlying… Read More »
