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Finance

Profit maximisation and wealth maximisation are two different approaches to business. The main focus for any business is profit maximisation, but many people need...

GST

What is Meesho? Meesho is the biggest and most reputable reseller marketplace in India. It is an e-commerce platform where resellers can sell products...

GST

What is letter of credit? A letter of credit, or LC, is a legal document that ensures the buyer will pay the seller. It...

Invoicing

What is a Bill of Supply? A company that is GST-registered sends the purchaser a tax invoice. Such an invoice specifically states the GST...

Finance News

TAX

The Indian government has introduced the QRMP plan to make it easier for small business taxpayers to file taxes.  What is the QRMP scheme?...

Accounting

Definition of DSO Days Sales Outstanding (DSO) measures the average time it takes a business to get payment from a client after a transaction....

Invoicing

You might often get confused about what invoice to send as there are many, based on due dates, type of industry, compliance requirements, regional...

Accounting

What is Cost Accounting? Cost accounting is a method used in business to track, analyse, summarise, and research a company’s expenses related to any...

Accounting News

GST

What is Form 16? This Form 16 is a certificate issued by your employer. It certifies the details of your salary for the year...

blog on form-16 blog on form-16

TAX

Before the ITR filing process, there are many documents you need to keep in handy. Form 16A is one among them. What is Form...

Registration

Udyam registration is a certification specifically for MSME enterprises operating in India since 1st July 2020. It is another name for MSME Registration, and...

Loan

Banks offer MUDRA loans to aid income-generating microenterprises that require credit below Rs. 10 lakh. The PM MUDRA Yojana interest rate is one of...

Banking

What is mPIN?  mPIN means Mobile Banking Personal Identification Number. It’s a 6-digit passcode you must enter each time you want to conduct transactions....

Loan

What is a Term Loan? A term loan is a loan that offers a business capital expenditure and expansion for 84 months.  How are...

Loan

What is Udyogini Scheme? The Women Development Corporation’s Udyogini Scheme provides subsidised loans to budding women entrepreneurs from rural and impoverished areas. Udyogini, “Women...

Loan

What is Collateral Free Loan? Collateral is the security against which you can apply for a loan. For example, you offer the home documents...

Loan

What is Cash Credit Loan? A cash credit loan is a short-term loan typically used to cover business expenses. The loan is extended based...

Loan

Loans for small businesses are available to proprietors of businesses that need working capital to keep their businesses operational. Most of the time, the...

Loan

In the beginning, every business needs a certain amount of money and financial strength. When it relates to the establishment of any enterprise, capital...

Loan

Today, conducting business is the most profitable and trustworthy activity ever. But it’s hard for young business owners to make enough money to keep...

Loan

MSME loans are popularly termed “under 60-minute loans”. The government introduced the MSME loans in September 2018. This startup business loan by the Indian...

Banking

What is Credit Limit? The credit limit of a credit card refers to the maximum amount of credit a bank or other lender will...

Accounting

The majority of businesses establish credit arrangements with their suppliers or consumers, allowing customers to make purchases on account. Credit purchases speed up commercial...

Inventory

What is Inventory Turnover? It is the rate at which a company orders and replaces its stock depleted by sales. It includes all the...

Accounting

What is a Balance Sheet? A balance sheet is a statement of a company that reports assets, liabilities, and equity at a specific time....

TAX

A TDS challan is a document that deposits taxes deducted at source (TDS) with the government. The challan records taxpayer details, the tax amount,...

GST

India is a federal nation with taxation authority granted to the Union and the States. According to the Constitution, both governments have separate responsibilities...

Scheme

The Ministry Of Skill Development and Entrepreneurship (MSDE) has launched the program of building state-of-the-art, visible, and aspirational model training institutes in every district...

Banking

Financial stability is commonly regarded as the foundation of any organisation. When a business is involved in sales or purchases, it is necessary to...

Finance

Financial reporting gives you an insight into the financial performance of a business during a certain period. Tracking business metrics allows you to stay...

Banking

A cancelled cheque is a cheque having two parallel lines drawn across it with the word “CANCELLED” written in between. A cancelled cheque leaf...

Bookkeeping

Financial statements are extremely important from a business point of view. Whether you’re a large scale multinational corporation or a small and medium enterprise,...

Business Ideas

India has been an agriculture-based economy for ages. The sector contributes around 20% to the country’s overall Gross Domestic Product (GDP) and employs about...

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