Journal entries for Rent expense As per the Indian GAAP (Generally Accepted Accounting Principle), here’s how you can record accounting entries for Rent expense with accrual and subsequent payment: Accrual entry for rent expense (when Rent is Incurred) When recognizing rent expenses before payment: Account Debit (Rs.) Credit (Rs.) Rent Expense A/c 10,000 To Rent … Read more
A Beginner’s Guide to Register a Partnership Firm in India Are you thinking about starting a business in India? Have you considered forming a partnership firm? Partnership firms are a popular choice for small businesses because they are easy to set up and offer flexibility. Partnership firms offer a range of benefits that can make … Read more
Latest Minimum Wage Rates in Uttar Pradesh-2024 In this post check the latest Minimum Wages in Uttar Pradesh. Uttar Pradesh Minimum Wages as per the latest Uttar Pradesh Minimum Wages Notification (October 2023). In Uttar Pradesh, like in many other parts of the country, the minimum wage plays a crucial role in ensuring fair compensation … Read more
Board Resolution Format for GST Registration If you are looking for a board resolution format for GST registration then you are at the right place. Here, you will find the sample board resolution format for a new GST registration. GST Resolution A Board Resolution for GST registration typically includes a formal decision taken by the board of … Read more
Main Objects of Fertilizers & Agro Chemical Company Are you looking for a draft MOA of a fertilizer and chemical company? if yes, then you are at the right portal. Following is the indicative list of main activities or main objects of the fertilizers & chemical company engaged in manufacturing, trading, packaging, and processing of agro fertilizers and … Read more
Tax Compliance Calendar for the Month of November 2023 Dear user, here’s a Tax Compliance Calendar for November 2023 related to GST, TDS, TCS, PF & ESI Compliance. This Tax compliance calendar is a schedule of important deadlines and due dates for GST, TDS, TCS, PF & ESI. These are very important compliances that every business needs … Read more
Advance Tax: Applicability, Due Dates and Calculation Here’s an easy guide to understand the various provisions of advance tax. Such as what is advance tax, its applicability, calculation, due date & payment of advance tax by a taxpayer. Advance tax is a proactive way to manage your tax responsibilities. Instead of paying your entire tax … Read more