What is Cryptocurrency Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank or government. Bitcoin, the first and most widely used cryptocurrency, was created in 2009. Other popular cryptocurrencies include Ethereum, Ripple, and Litecoin. Cryptocurrencies are typically created through a process called mining, in which …
Create a new company in Tally Introduction Entering company basic information • In the Country row, give the country of incorporation. In our example, the country of incorporation is the United Arab Emirates •Mention the Pincode, telephone, mobile, fax, email, and website of the company • Input the base currency symbol as “AED” • Write …
FTA issues directive on alternative deadline to file tax returns (28th May 2020) The Federal Tax Authority (FTA) issued a directive on an exceptional basis providing an alternative date of May 28, 2020. This is for submitting VAT returns and the payment of due tax for the tax period ended March 31, 2020. Therefore, enabling …
Federal Decree No. (20) of 2018 is a fundamental pillar of the UAE’s AML/CFT efforts. This Decree stipulated the establishment of: As implemented by Cabinet Decision No. (10) of 2019, Federal Decree No. (20) of 2018 has raised the effectiveness of the AML/CFT legal and institutional framework of the nation, in line with FATF requirements …
Useful keyboard shortcuts in Tally prime Tally Prime, a popular accounting software, provides several keyboard shortcuts to enhance user efficiency. Here are some useful keyboard shortcuts in Tally Prime: 1. Alt + 2: To Duplicate a voucher. 2. Alt + C: To create a master at a voucher screen. 3. Alt + D: To delete …
To generate a VAT (Value Added Tax) report in Tally Prime, follow these steps: The VAT report will show a detailed breakdown of all the VAT-related transactions that have occurred during the selected period, including the amount of VAT charged, the amount of VAT collected, and the net VAT payable or receivable. You can use …
Purchases In accounting and business, “purchases” generally refer to the acquisition of goods or services for a monetary consideration. This term is commonly associated with the procurement of inventory or raw materials necessary for a company’s operations. Here are a few points related to purchases in the context of business and accounting: 1. Inventory Purchases: …
In Tally Prime, you can retrieve the trial balance by following these steps:
Who are commercial property buyers? Commercial property buyers are individuals, companies, or entities that purchase commercial real estate for various purposes. Commercial properties are real estate assets primarily used for business or income-generating activities rather than residential purposes. Commercial property buyers can include: 1. Investors: Individuals or institutional investors, such as real estate investment trusts …
Read more “VAT Payment guide for commercial property buyers”
Dubai Customs operating under “The Government of Dubai” vide Customs Notice No. (09/2021) has brought in a notice concerning personal imports via e-commerce. There are 13 articles as follows. (1) – Definitions Follow the definitions of these terms. (a) Department (b) Companies (c) Value (d) Platform (e) Personal Goods (2) – Registration It states that …