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Let us first learn what accounting is. We can define accounting as the method of combining all the financial information to make it clear and understandable for all. Accounting can help in understanding the company’s operation, financial positions, and cash flows. The financial statement generally comprises the income statement, cash flow statement, balance sheet, and […]
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Well, what are GST invoices or Export GST Bills? Export GST Bill is an invoice formed to export or supply goods as well as services to the people living out of India in a foreign currency and it is the exporter who creates this bill. As a matter of fact, the export invoice format and particulars are
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Business accounting is an organized system for recording, analyzing, interpreting, and presenting financial information. There are three basic activities in business accounting which are identifying, recording, and commutating economic actions like transactions and investments. Business accounting is the best way to track the operations of a business. It is the job of an accountant to record every
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What is an Accounting Voucher? An accounting voucher is a record that acts as a supporting document to the entries recorded in the accounting books. The vouchers are stamped as ‘paid’ once the payment is received by the supplier. The payments are recorded in the respective ledger accounts. The accounting vouchers are useful for upholding
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