Rich & Wealthy “Rich” and “wealthy” are often used interchangeably, but they have slightly different connotations: 1. Rich: Being “rich” typically refers to having a high income or substantial assets. A person can become rich through various means, such as a high-paying job, successful business ventures, or inheritance. Being rich usually implies having a significant… Read More »
Bookkeeping process explained It involves the bookkeeping process explained systematic recording, organizing, and tracking of financial transactions and activities of a business. It provides the foundation for accurate financial reporting and analysis. Here’s an overview of how bookkeeping works: Recording Transactions: Bookkeeping starts with recording all financial transactions of the business. This includes both… Read More »
Do accountants do bookkeeping Yes, accountants can perform bookkeeping tasks as part of their responsibilities. While bookkeeping and accounting are distinct roles, there can be overlap between the two. Accountants have the knowledge and skills to handle bookkeeping tasks, but their expertise extends beyond basic record-keeping. To visit https://www.incometax.gov.in In some cases, accountant may choose… Read More »
