Basic Accounting Principles
Accounting principle refers to common rules or guidelines for accounting financial transactions and preparing financial statements.
Accounting principle refers to common rules or guidelines for accounting financial transactions and preparing financial statements.
Accounting is the language of the business used to communicate to internal stakeholders and external stakeholders.
Financial statements refer to reports prepared to evaluate the performance, financial health and the liquidity position of the business.
Why is GST such a game-changer here? There are ample benefits a business stands to get out of computerised accounts. Learn Why with Absoft & Tally.
It is crucial that businesses look to computerize their accounts as well, and the main reason behind the same is GST, which became a reality on the 1st of July, 2017. One of the key changes brought about in the GST regime is the transformed face of compliance –