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Other Lessons for You

BRS refers to Bank reconciliation statement. This is prepared to reconcile the difference between bank account in the cash book and pass book.

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Understanding Of GST (Goods And Services Tax)

What is GST? Goods & Services Tax is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition. To understand this, we need to understand the concepts under...

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Raising Fund through Commercial Paper.

Raising Fund through Commercial Paper: Every business requires the funds for expansion. The requirement of fund can be both Long term and short term. The cost of raising funds for a business is very...

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Capital Expenditure v/s Revenue Expenditure

Capital Expenditure Revenue Expenditure It is incurred for acquiring Fixed Assets It is incurred for running productivity or earning capacity of business It results in increase the value...

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Income Tax Basics

Everyone who earns or gets an income in India is subject to income tax. (Yes, Indians living abroad too). Your income could be salary, pension or could be from a savings account that’s quietly accumulating...

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