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 »
TurnoverCertificate For Tender A turnovercertificate for a tender is a document that provides information about the financial turnover or revenue generated by a company or organization. It is typically required as part of the tendering process to assess the financial capacity and capability of the company to undertake the project or contract. The format… Read More »
Turnover Certificate Format Turnover certificate format can vary depending on the requirements of the organization or entity requesting it. However, here are some common elements that are typically included in a turnover certificate format: 1. Heading: The certificate usually begins with a heading that states “Turnover Certificate” or a similar title to clearly indicate… Read More »
Annual Turnover Certificate An annual turnover certificate is a document that provides information about the financial turnover of a business or organization over a specific fiscal year. It verifies the total revenue generated by the company during that period and is often required for various purposes, such as regulatory compliance, loan applications, government contracts,… Read More »
Asset valuation methods Asset valuation methods is the recording of assets at market value depends on the accounting framework being used. In general, assets are typically recorded at their historical cost or fair value, depending on the circumstances and accounting standards followed by an organization. Based on the historical cost principle, assets are initially… Read More »
Purpose of an Invoice Purpose of an Invoice, An invoice is a commercial document that meticulously records a business transaction between a buyer and a seller. Its purpose is to request payment and includes vital information such as the transaction date, a comprehensive description of the goods or services, pricing details, and payment terms.… Read More »
A debit entry in cash book journal For instance, when a company uses cash to acquire office supplies, it would record a debit entry in the cash book journal to decrease the cash account (an asset) and reflect the expense incurred. It is a mandatory entries for making balance sheet. For instance, when a company… Read More »
Accounts Receivable Current Asset Accounts Receivable Current Asset, Yes, it is generally classify as a current asset on a company’s balance sheet. This is because account receivable represent amounts owed to the company by its customers for goods or services that have already been deliver or provide, but for which payment has not yet… Read More »
Understanding the Difference Between Net Worth, Profit, and Turnover In the realm of finance and business, terms like net worth, profit, and turnover are often mentioned in discussions about a company’s financial health and performance. Net worth, profit, and turnover are three important financial terms used in business accounting. It refers to the total value… Read More »
Why are prepaid expenses considered an asset? Why are Prepaid expenses considered an asset, Prepaid Expenses are consider an asset because they represent a payment made by a company for goods or services that will be receive in the future. Even though the expense has been paid upfront. It has not yet been incur.… Read More »