Sukanya Samriddhi Yojana (SSY) SSY / Sukanya Samriddhi Yojana: Sukanya Samriddhi Account is a government-supported savings initiative in India, specifically designed for the benefit of the girl child. The scheme was launched by the Government of India as part of the “Beti Bachao, Beti Padhao” campaign to promote the welfare of the girl child and encourage… Read More »
Limit of balance sheet for Mall Owners The threshold limit of balance sheet for mall owners refers to the specific financial benchmark that mall owners aim to achieve or stay within when reporting their financial position. This limit is typically set to ensure the financial stability and viability of the mall’s operations. It’s important… Read More »
Accounts Payable Accounts payable for suppliers of computer repair materials refer to the outstanding amounts that a business owes to its suppliers for the materials and goods used in the computer repair and maintenance services. Properly managing accounts payable is crucial for maintaining healthy vendor relationships, cash flow, and financial stability. Here’s how you… Read More »
Importance of Proper Bookkeeping Importance of Proper Bookkeeping is of paramount importance for architects and architectural firms. It serves as the foundation for their financial stability, strategic decision-making, and overall success. Here’s Importance of proper bookkeeping in this context: 1. Financial Management: Architectural projects often involve complex budgeting, expenses, and revenue streams. Accurate bookkeeping… Read More »
Can LLP Take Loan From Outsiders A Limited Liability Partnership (LLP) is a relatively recent business structure that combines the benefits of both partnerships and companies. It offers the flexibility of a partnership while providing the limited liability protection of a company. One of the key concerns for LLPs, especially for those looking to expand… Read More »
Financial Projections When Making Financial Projections, Why Must a Business Owner Consider Economic Conditions? Introduction Financial projections are critical for any business, whether it is a startup, small business, or large enterprise. These projections help in planning budgets, securing investments, and making strategic decisions. However, one key factor that business owners must consider when making… Read More »
Financial Reports Businesses and organizations typically prepare various financial reports to assess their financial performance, communicate financial information to stakeholders, and support decision-making. Some common types of financial reports include: 1. Income Statement (Profit and Loss Statement): This report summarizes the revenues, expenses, and resulting net income or net loss over a specific period.… Read More »
Capital Gain capital gain Introduction: Tax planning plays a crucial role in managing one’s financial affairs and maximizing after-tax income. which arise from the sale of assets such as stocks, real estate, or businesses, are subject to taxation. However, with effective tax planning strategies, individuals and businesses can optimize their capital gains tax liability… Read More »
Preparing Projections for BalanceSheet Preparing projections for a balancesheet involves forecasting the financial position of a business at a future date based on anticipated data and assumptions. Here are the steps to prepare projections for a balance sheet: 1. Gather Historical Financial Data: Collect the past financial statements, including balance sheets, income statements, and… Read More »
How LLP can raise funds Points under how LLP can raise funds: Capital Contributions: LLP partners can contribute capital to the LLP in the form of cash, assets, or property. These contributions increase the LLP’s capital and provide funds for the business. How LLP can raise funds. Loans and Credit Facilities:… Read More »