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Cash vouchers are vital in facilitating financial transactions and tracking expenses for firms and organisations. Cash vouchers are valuable instruments for recording and monitoring...
When a company purchases goods or services, there may come a time when they need to return them due to various reasons such as...
Bills payable are short-term debts that a company owes to creditors. A company’s balance sheet is a financial statement that provides a snapshot of...
“Are you a small business owner in India looking for ways to reduce your tax burden and invest in your company’s growth? Have you...
Profit maximisation and wealth maximisation are two different approaches to business. The main focus for any business is profit maximisation, but many people need...
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...
What is letter of credit? A letter of credit, or LC, is a legal document that ensures the buyer will pay the seller. It...
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...
The Indian government has introduced the QRMP plan to make it easier for small business taxpayers to file taxes. What is the QRMP scheme?...
Definition of DSO Days Sales Outstanding (DSO) measures the average time it takes a business to get payment from a client after a transaction....
