Used to reconcile all of the activities for a given bank, and such as cash receipts, payments,with the goal of having the bank statement balance.
Inventory or stock refers to the goods and materials that a business holds for the ultimate purpose of resale (or repair).
Accounting, or accountancy, is the measurement, processing and communication of financial information about economic entities.
It is the process of preparing a detailed statement of financial results that are expected for a given time period in the future.
A financial statement that summarizes a company's assets, liabilities and shareholders' equity at a specific point in time.
Assets = Liabilities + Shareholders' Equity
A company's main accounting records. A general ledger is a complete record of financial transactions over the life of a company.
payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and they are subject to laws and regulations
These records provide information that shows the ability of a company to generate profit by increasing revenue and reducing costs.
To cut down the compliance cost for deductors, to correlate deduction of taxes made by deductors with the deposit of the deducted tax in the Government account in a designated bank/and correlate deduction of tax by the deductors with the corresponding credits claimed by the deductees.
A financial statement (or financial report) is a formal record of the financial activities of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form easy to understand.
A process that explains the difference between the bank balance shown in an organization's bank statement, as supplied by the bank, and the corresponding amount shown in the organization's own accounting records at a particular point in time