Letter of Credit
A letter issued by a bank to another bank as a guarantee for payments under the specified contract between the buyers and the sellers....
Simple Credit Journal Entries
Credit transaction means any transaction by the terms of which the payment for business transaction is to be made at a future date. For...
Simple Journal Entries
Journal Entry In the age of manual accounting system, business transactions are first noted in a Journal Book. The journal entries are punched in...
Thumb Rule for DEBIT CREDIT
Firstly, you need to identify number of accounts involve in the particular transaction. After identifying account involve in business transaction, you must debit one...
SBI Reduced Deposit Rate
On Sunday , Mr Prime Minister of India said that huge bank deposit Rs 5000 Crore approx after demonitzation are not going to kept...
GST Registration schedule
Enrolment Schedule for your State for GST Registration The schedule of the enrolment activation drive for states is given below. We encourage you to...
500 and 5000 notes baned
8:34 pm: This is a chance for every citizen to take part in the fight against black money and corruption, says the prime minister....
GST
Centre Govt may propose 26% peak rate for GST The Centre Government is likely to propose a four-tier tax structure under the GST, with...
GST BASIC
About Goods and Service Tax (GST) GST Introduction: GST is a indirect tax applicable to whole India. GST is a single tax applicable on goods...
Black Money Disclosure
Black money disclosure at Rs 65,000 crore till 8.00 pm The government’s Income Declaration Scheme (IDS) saw an overwhelming response just a few hours...
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