Most of the people don’t know that they are paying tax on everything. Here we are going see about income tax slab for financial year (FY) 2020-21 under new tax regime as well as under old tax structure, income tax deductions for assessment year (AY) 2021-22, 80C deduction for FY 2020-2021, income tax exemptions, limitations […]
Income Tax Slab, Deductions, Limitations in India – A.Y. 2021-22 Read More »
Introduction to Managerial Accounting: Financial management is integral part of overall management. Managerial Accounting is also called as Management Accounting. Managerial finance deals with the managerial significance of finance assessments to determine the effectiveness of the business internally and externally. Questions asked in an annual report depicts the very difference between a managerial and a
What is Managerial Accounting? Definition, Role, Job and Objectives Read More »
Businesses need to grow, and you cannot work alone. At some point, you will need assistants to help you with managing and driving the growth process. When you need an accountant, it is clear that you see positive performance. You need someone to tabulate and keep your business financial records so that you have enough
Top Tips – How to Choose a Good Accountant for Your Business Read More »
Every day, a bank computes the ledger balance of its accounts. The total amount of a bank account includes both withdrawals and deposits. Let us look into what is ledger balance definition, examples, importance and characteristics in the topic below. The following morning, the closing balance becomes the opening balance, and it remains unaltered throughout
Ledger Balance – Definition, Examples, Importance, Characteristics Read More »
Liquid assets are those that can be quickly converted to cash without sacrificing value. Keep a portion of your cash liquid to cover living expenditures and unforeseen expenses. Consider the following examples of liquidity in the form of a frequency spectrum: Certain assets, depending on their worth, can be converted more quickly than others. Illiquid
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