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Mastering Core Accounting Principles and Concepts with Examples
Principles of accounts are, therefore, needed for all trade students. They make up the standards which are adopted globally for any accounting…
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What is Difference Between Finance Lease and Operating Lease?
Leasing is a trend that people like. This financial activity grants both the business and the individual the usage of…
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Cash in Hand Journal Entry: Rules, Format and Practical Examples
All businesses big and small need to hold some cash. This is referred to as "cash in hand." Cash refers to money…
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TDS Journal Entry Made Easy: Tally, GST, and Accounting Steps
A TDS journal entry records the tax deducted at source during payments like salary, rent, or professional fees. You must…
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Outstanding Salary Journal Entry with Format & Practical Examples
The outstanding salary journal entry is a simple but important concept in accounting. It helps businesses show salaries that they…