Indirect Tax Professionals Required

Now a days every organization doing their activities (Receipts and payments) through banks. Every Organization maintain one general ledger for recording of banking activities called cash book Bank issued pass book or bank statement to organization, purpose of transactions information and balance confirmation.

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Define Cash and Accrual basis accounting

admin posted this in Basics on July 14th, 2012

There are two types of accounting systems for recording receipts and payments of business.

1. Cash basis accounting.

2. Accrual basis accounting (also called mercantile basis accounting ).

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Define Accounting systems

admin posted this in Basics on July 14th, 2012

Accounting Definition

“The systematic recording, reporting and analysis of daily financial transactions of a business” called Accounting.

Accounting Systems

There are two types of accounting systems.1) Single Entry system. 2) Double Entry system.

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Branches of Accounting

admin posted this in Basics on July 6th, 2012

Accounting Definition

“A systematic record of the daily financial events of a business leading to presentation of a complete financial picture is known as accounting”

Accounting has been divided into three branches, financial accounting, cost accounting, and management accounting and each branch of accounting is inter – related with other branch. No one branch

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Income Tax Return forms For A.Y.2012-13(F.Y.2011-12)

admin posted this in Income tax forms on July 6th, 2012

Income Tax Return forms for assessment year 2012-13 (F.Y.2011-12) has been released by Income Tax department.ITR-1 (Sahaj) ,ITR-2 ,ITR-3, ITR-4 and ITR-4S( sugam) already released .Now ITR-5 and ITR-6 also released. Total Income Tax return forms given below for download with instructions.

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Income Tax returns E.Filing Mandatory from A.Y.2012-13

admin posted this in Income Tax on July 3rd, 2012

E.Filing has been made Mandatory for Individual and Hindu undivided family (HUF), if their Income Exceeds 10, 00,000/-It will effect from A.Y 2012-13(F.Y.2011-12).

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Basic Accounts

Indirect Tax Professionals Required

Bank reconciliation statement-Exercise

Bank Reconciliation statement proforma 2

Bank Reconciliation statement proforma 1

Bank Reconciliation Statement explanation