How to add a Blog or Website to the Reading List in Google Blogger?
In Google Blogger Dashboard, it has provided the section called Reading List, where the user can add the Blog or Website as a favorite Blog. And this is the User’s Favorite Blogs list and it will contain the Blog Posts or Articles published in those Blogs or Websites. In order add the Blog to the […]
Difference between Accounting Standards and Income Tax Act, 1961
Accounting Standards are formulated by the Accounting Standards Board of ICAI to reduce the complications involved in the application of Accounting Principles, As well to improve the comparability of Financial Statements and to promote the transparency and fairness in their presentation. There are certain fiscal policies formulated by Income Tax Department, where Deductions and Exemptions […]
What content of Disclosures should be provided for deviation of Accounting Standards?
All the concerned Enterprises should present the Items of the Financial Statements as per the Order made by the Court/ Tribunal. On November 17, 2004, the Council of ICAI has announced that if an Item in the Financial Statement of an Enterprise is treated differently, disclosures should be made in the Financial Statements of the […]
Know the Financial Items to which Accounting Standards are applicable?
Accounting Standards are applicable to the Items, which are shown in the Financial Statements of an Enterprise and the Items should be of Material in nature. An item in the Financial Statement is likely considered to be a Material, if it is likely to affect the economic decision of the Enterprise. The Materiality is not […]
Different Enterprises which are applicable to Accounting Standards?
There are Enterprises which required to comply with the Accounting Standards (issued by the ICAI and notified by the Central Government), and which does not required to comply with the Accounting Standards and these are explained in detail below. An Enterprise does not required to comply with Accounting Standards. Non Companies like Partnership Firms does […]
How to close SB Account, and obtain Relieving Letter, Bank Statements?
Savings Account will be closed by submitting the Cheque Books, ATM Cards, and other required instruments that are related to the Account. And account will be closed by the Accounts Officer within an hour if the required documents are submitted along the Request Letter by the Account Holder. While closing the Bank Account charges for […]
What determines an Enterprise that the Accounting Standards are applicable to?
Accounting Standards are applicable to an Enterprise, which is a Corporate, Co-operative, or any other form type, but it must be engaged in Commercial, Industrial, or Business activities. Even it is applicable to the Non Profit Enterprises like Charitable, Religious Trusts, such activities carried by them. So, an Enterprise must have engaged in any one […]
How to configure POS Invoicing in Sales Voucher Type in Tally.ERP 9?
Tally Solutions designed the Tally.ERP 9 Accounting Software to support the POS (Point of Sale) Invoicing for Retail business, and Check-out Points at the Shopping Malls. And it can be enabled using the Sales Voucher Type in Tally. For default Sales Voucher Type we can not enable the POS Invoicing, so we have to create […]
How to know the Accounting Standards are applicable to an Enterprise?
Earlier we have learned that the Accounting Standards framed by the Accounting Standards Board (ASB) of ICAI, and issued by the Council of ICAI. The ASB will submit the Finalized Exposure Draft of Proposed Accounting Standard to the Council. After consideration of all the comments the Council will request the ASB for further amendments to […]
An introduction about Intuit QuickBooks Online (QBO)
QuickBooks Online is one of the products of Intuit meant for Small Business owners and it is a Cloud Accounting Software. Without need of any software installation we can work with QuickBooks Online. It is also called as QBO. As we already told you that the QuickBooks is a web based Accounting Software and we […]
Will Tally.ERP 9 supports POS Invoicing for Sales Transactions?
Tally Solutions has incorporated the POS (Point of Sale) Invoicing in Tally.ERP 9 Accounting Software. Using this option Tally Users can record and maintain the POS Sales at Outlets, Check-out Points, etc., By activating the POS Invoicing in Tally, user can record the POS Sales by using the various instruments like Cash, Credit or Debit […]
What is a Point of Sale (POS)?
Point of Sale is nothing but a place or location of Retail Shop or a Check-Out Counter at a Showroom or Shop, where the Sale Transaction takes place even for small quantity. There are various instruments like Cash Registers, Card Readers, and Barcode Scanners are used by the outlets. This Point of Sale is a […]