Publication and Equilibrium of Account Books The general ledger comprises all transactions, but what if we need information on transactions involving a specific account? It is impractical to count and determine the total amount or number of transactions, as they likely occurred on different dates...
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What is an eWay Bill? An eWay Bill is a digital document created on the eWay Bill Portal for the movement of goods. It is mandatory for a GST registered person to generate an e-way bill on ewaybillgst.gov.in if the value of the goods being transported in a vehicle exceeds Rs. 50,000. The e-way bi...
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What Is Employees’ State Insurance Scheme? The Employees' State Insurance (ESI) Scheme is a social security scheme initiated by the Government of India. It aims to provide coverage to workers in order to protect them from various health-related contingencies that may affect their earni...
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Section 44AD of Income Tax Act Section 44AD of the Income Tax Act provides tax relief to certain individuals and professionals, exempting them from the requirement of getting an audit performed or showing books. However, this provision does not apply to assessees engaged in pr...
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What’s New in Tally Prime Release 3.0 Tally Prime Release 3.0 is now available, bringing a range of new features and updates. Launched in December 2020 as an upgrade from Tally.ERP9, TallyPrime has undergone several enhancements since its release. The latest release, TallyPrime Re...
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Ratio analysis Ratio analysis is a method that provides quantitative insights into a company's financial health by examining its financial statements such as the balance sheet and income statement. It helps evaluate aspects like liquidity, operational efficiency, and profitability. Rati...
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