commerce SOLUTIONS C.S.

Introduction to Accountancy

Sunday, November 26th 2020 at 7:00 pm

Accounting is the language of business. It is the system of recording, summarizing, and analyzing an economic entity's financial transactions. Effectively communicating this information is key to the success of every business.

Accountiong for GST

Sunday, October 15th 2020 at 5:00 pm

A blog about all Accounts and Records Under GST. It helps understand terms like Accounting entries under GST, Electronic Cash and Credit Ledger, Period for Retention of Accounts under GST

Journal Entries

Sunday, September 28th 2020 at 9:00 pm

A journal entry is the act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances.

Rules of Debit and Credit

Sunday, September 15th 2020 at 7:00 pm

A debit increases asset or expense accounts, and decreases liability, revenue or equity accounts. A credit is always positioned on the right side of an entry. It increases liability, revenue or equity accounts and decreases asset or expense accounts.