What is Inventory Cycle Count?
Audits are crucial for inventory that runs efficiently. Ensuring the physical inventory to match the recorded data is crucial for maintaining accurate information throughout the
Category: Business Management
Difference between Customer Transaction and AR Trial Balance
In the 21st century where India is the fifth largest economy, our service industry is at boost it becomes the responsibility of the management to
What is Income Statement ? – Definition, Importance and Examples
Managing the financial segment of the business is a tedious task. A company maintains three types of financial reports or statements that brief the overall
What is Inventory Cost? – Types and Examples
As a business owner, you have to track and control the expenses of the business. A business considers an inventory as its biggest asset. For
What is Efficiency Ratios ? Types and Examples
A company uses its assets to generate revenue. However, what are efficiency ratios? It is a set of ratios indicating how well a business utilizes
What is GST State Code List?
GST minimises the tax burden and guarantees adherence to tax payment regulations. Do we need a state code for GST? GST state code list and
What is Depreciation of Assets?
When we come across the word ‘depreciation’, it sounds negative. However, it is the opposite of what we consider negative in the business landscape. Considering
What is a Credit Note ? – Definition and Benefits
Business owners know the significance of the credit note. What is a credit note? A credit note is a financial document that lets you purchase
What is Craft Production ?
Globally, there is a vast digital explosion, and most sectors are automated. However, there is still the production of handcrafted products sold worldwide. If the
Types of GST Returns
Every business owner and dealer who is registered under the GST system must file GST returns based on the nature of their business or transactions.