We can find gross margin or gross profit margin on the income statement of every company and every company need to prepare it in every year. Gross margin or gross profit margin plays an important role in the firm’s revenue, expenses and … Read more
Full and final settlement means Employee will be taking a full and final settlement from his employer after the employee resigns from his job and leave his services. Different employers prepare full and final settlement formats. Here is an example of full and final … Read more
The Employer will give payslip to Employees for Salary Details purpose. Every organization, Firms, proprietorships, and Companies give payslips to employees. Payslip will be used for employee personal loan and Home Loans purpose. The below Salary Slip Format in Excel is very easy … Read more
Depreciation is Accounting which aims to distribute cost or basic value of tangible capital assets or basic value of tangible capital assets less salvage (if any) over the estimated useful life of units in a systematic and rational manner it is a process of … Read more
Tally is principally a Financial Accounting software.It is a Post Transaction Accounting System. This Means That The Information Being fed info Tally as vouchers have already been executed To maintain the accounts in Tally Accounting Packages you have to know following topics … Read more
Golden rules of accounting with examples: The Accounting system can be bifurcated by three accounts namely Personal Account, Real Account and Nominal Account. Personal account again consists debit balance – assets, credit balance – assets.Real Account consists Debit Balance- assets, Nominal Account … Read more