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Trending Lessons in BBA Tuition classes

Trade Discount
Trade discount is an income for the buyer of goods. It is shown a net of cost of purchase and does not get accounted as a specific ledger account.

Vijaya Kumar V | 11 Sep

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GST
GST refers to Goods and Services Tax. GST replaced then called sales tax and service taxes. GST paid on purchases shall be recorded as an asset which shall be offset with the GST collected (liability...

Vijaya Kumar V | 11 Sep

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Accountable Transaction
Every business is required to record the economic transactions that are financial. There.is remarkable variation between trade and financial transactions. Business transaction can be of non-financial too....

Vijaya Kumar V | 11 Sep

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