How to create a journal voucher on Tally

Journal Voucher A journal voucher is a document used to record a financial transaction in a company’s general ledger. It typically includes information about the transaction, such as the date of the transaction, the accounts that were affected, and the amounts involved. Journal vouchers are used to record transactions that cannot be recorded directly in …

Ways to absorb overheads

There are several ways to absorb overheads, including:

How to audit accounts

Why is auditing important? Auditing is important for various reasons across different contexts, including finance, business, and healthcare. Here are some key reasons why auditing holds significance: 1. Financial Integrity: In the realm of finance, auditing ensures the accuracy and reliability of financial statements. This is crucial for maintaining the trust of investors, stakeholders, and …

How to create a sales voucher on Tally

To create a sales voucher in Tally: Make sure to customize the voucher according to your specific business needs and applicable tax regulations.

Big 4

The Big 4 accounting firms are Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and KPMG. They are among the largest and most prestigious professional services firms globally, providing audit, tax, consulting, and advisory services to clients. Big Four Accounting Firms (Big 4) are the top accounting firms that are globally recognized for providing auditing, assurance, …

Audit of Purchases

What are Purchases? Purchases are the acquisition of goods or services for personal or business use. In a business context, purchases are transactions in which a company acquires goods or services from another company or individual in order to produce or resell the goods or services. Purchases are typically made with the intention of generating …

Audit of Sales

What are Sales? Sales is the process of exchanging goods or services for money. It is a common commercial activity that is essential for the success of most businesses. Sales typically involve a seller offering a product or service to a buyer in exchange for payment. The seller may be an individual, a company, or …

Kinds of MIS Reports

What is an MIS report? MIS, or Management Information Systems, refers to the use of information technology to support decision-making, improve business operations, and support strategic planning. In the simplest terms, an MIS report can be described as a system that provides important information for the management of your company. MIS collaborates with people, technology, …

Freezones in Dubai

Here are the freezones which operate differently than in mainland Dubai: