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Projected and provisional and estimated

Provisional Balance Sheet: - Provisional Balance Sheet is prepared on the basis of Past data i.e. for the period which is already completed. ......

Paying GST for income earned before GST registration

If you are not registered for GST your invoice must not say Tax Invoice and just say Invoice. You do not charge an extra...

Fixed Asset Turnover Formula and Why it is important.

The fixed asset turnover ratio reveals how efficient a company is at generating sales from its existing fixed assets. A higher ratio implies that...

Difference of stock

Shares are a part of something bigger i.e. the stocks. Shares represent the proportion of ownership in the company while stock is a simple...

GST ITC on commercial rental income

Any immovable property let out for business or commercial purposes are subject to GST at the rate of 18%. Thus, GST at the rate...