What is invoicing Invoicing refers to the process of creating and sending a document that requests payment for goods or services that have been provided. An invoice usually contains information such as the seller’s name and address, buyer’s name and address. A description of the goods or services provided. And other relevant details such as… Read More »
Calculation Of Total Income To calculate your total income, you will need to add up all of the income you have earned during the year from various sources. Calculation of total income can include: To Visit https://www.incometax.gov.in/ 1.Salary or wages earned from your job 2.Income from freelance or self-employment work 3.Interest earned from savings accounts… Read More »
Pink tax Pink tax is a term used to describe the extra amount that women are charged for certain products or services that are marketed specifically to them, compared to similar products marketed to men. This can include items such as clothing, personal care products, and healthcare services. Pink tax is not a separate… Read More »
The implications of non registration with GST Non-registration with GST can have various implications, such as: If a business is not registered under GST, it cannot collect GST from its customers. This means that the business will have to bear the tax burden on its own, which could impact its profitability. To visit:https://www.gst.gov.in/ Penalty for… Read More »
Why is the output GST a liability Output GST is a liability because it represents the amount of GST that a business collects from its customers on sales made during a particular period. When a business sells goods or services, it charges GST to its customers, and this collected amount of GST is held as… Read More »
Are net sales the same as revenue In the world of finance and accounting, the terms net sales and revenue are often used interchangeably, but they represent different financial metrics. Understanding the distinction between them is crucial for analyzing a company’s financial health and performance. What is Revenue? Revenue refers to the total amount of… Read More »
Difference between Total Revenue and Total Cost The distinction between total revenue and total cost lies at the heart of understanding a business’s financial performance. Here are to know each concept and explore their differences: Total Revenue Definition: Total revenue refers to the total amount of money generated from sales of goods or services over… Read More »
Capital Stock and Share Capital Capital Stock and Share Capital,The terms “capitals stocks” and “share capitals” are often used interchangeably and both refer to the amount of capital that a company has raise through the issuance of shares. However, there can be some subtle differences in how the terms are use in certain contexts.… Read More »
What is the Difference Between Capital and Non-Current Capital? When managing or analyzing a business, understanding different financial terms is crucial. Two commonly used terms in financial discussions are capital and non-current capital. While they may seem similar, they have distinct roles in the financial framework of a company. In this blog, we’ll break down… Read More »
The working capital cycle time formula The working capital cycle time formula, also known as the cash conversion cycles, is a measure of how long it takes for a company to convert its investments in inventory and other resources into cash. The formula is: Working capital cycle times = Inventory days + Receivables days –… Read More »
