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Articles on Trending Technologies
Technical articles with clear explanations and examples
Explain the different types of books of accounts
Books of accounts are defined as "a place where all financial information is related to a person or a business". Books of accounts are maintained under Income tax Act, companies Act 2013 and GST Act.Maintaining books of accounts is compulsory if the turnover/gross receipts/sales from profession or business is above Rs.2500000/-. As per rule 6F, cash books, ledgers, bills/receipts (Bills), journals and daily cash registers come under books of accounts.TypesThe two main types of the books of accounts are journal and ledger.Journal is sub classified into the following −Purchase Day book − Original book of entry which records credit purchases ...
Read MoreWhat are Petty cash books?
Petty cash books are small cash books which record day to day minor business expenditures. Minor business expenditures include newspaper, fuel, casual labour etc.The person who handles petty cash and their recordings is known as petty cashier. Petty cash books have both debit and credit side and it records all the receipts on the debit side and all payments on the credit side just like a general cash book.Maintaining petty cash booksPetty cash books are maintained using following systemsOpen/ordinary system − Chief cashier gives a lump sum amount to petty cashier for a fixed time and after that fixed period ...
Read MoreHow can I increase my monthly savings?
Inflation has hit many areas of in the lives of the people. Each and every product from electronics to grocery has hit skyrocket price. Hence, there is always a burden on each individual as the expenditure is on the higher side leaving no scope for savings. People are often in a fix on how to save sufficiently each month.Here are some methods that can help in increasing the monthly savings:Spend only on NecessitiesThe excessive expenditure often happens when the individual is keener to spend on luxury items than the necessities. These luxury items pinch your pockets and often need to ...
Read MoreDefine cash books and its types
The word “cash” represents the monetary instruments (currency etc.) and the word “book” represents the record available in written format. Thus, a cash book can be defined as the record of business transactions in a particular period.In other words, a cash book records all transactions of cash receipts and disbursements (includes both bank deposits and withdrawals). Cash book is divided into two parts namely, cash payments and cash receipts.Transactions which are not recorded or are excluded in cash book are as follows −Transactions related to bank (payments made through checks in receiving or paid).Non-cash transactions.Discount making or discount received.Cash book ...
Read MoreHow to upgrade your smartphone to android m
The latest version of Android, Android Marshmallow, is often referred to as Android M. Android M comes with a lot of new cosmetic upgrades for the phones along with many bug fixes. Android M comes with new features like refined permissions, simplified volume controls, improved copy and paste function, Google Now on Tap, and Android Pay.Not only that, it also has an built-in fingerprint scanning support and many other new enhancements which makes it a highly desired smartphone OS in 2016. Android M, being the desired smartphone OS used by the majority of the community, is almost a must-have for ...
Read MoreWhat are the contingent assets?
Contingent asset is that asset for a company, which has future economic benefit. This means that the asset may arise in future based on contingent events, which the company has no control over.Company discloses this type of asset, when an income flow is probable. Reasons for not recognizing this as an asset is its uncertain event and conservatism.Examples of contingent assets are as follows −Gain from lawsuit.Litigations.Legal disputes etc.Accounting treatment for contingent assets are governed by International accounting standard 37. These are not recognized, but disclosed, when it has inflow benefits. Asset is not considered as contingent, if the asset is ...
Read MoreHow to ace math exams simple tips and tricks
In this article, you will learn simple tips and tricks to ace math exams on the fly. Although there are no shortcuts to success, focused study, regular practice of solving examples and worksheets, mastering the concepts are some of the best practices."If I were again beginning my studies, I would follow the advice of Plato and start with mathematics." Galileo GalileiStay Focused and Never Give-upWhen you study math, find a quiet place, get rid of the distractions, and focus on your work. You can easily make a mistake or miss a number otherwise.Understand and Master the ConceptsWhichever topic you are ...
Read MoreVideo Ads for Mobile Devices – A Successful Recipe for Your Digital Campaign
Have you remembered your first book, the first lessons as a kid? Probably you may not recall the text written over there, but one thing you can surely recall that there were attractive images of animals, vehicles, fruits, vegetables and much more, isn’t it? And what about those videos of beautiful rhymes that you loved to watch being a kid? You can still remember a few of them, isn’t it? That is the power of video message; a good video can keep its viewer engaged and leave an impact which can be recalled after long years.So, why don’t you use ...
Read MoreHow to Mail a Business Contact for the First Time?
Mail has become one of the mainstream communication among the people. As it is faster than any medium of communication, it has become mandatory medium of communication, but still there are many people who will draft informal mail for a formal purpose, and later will get no reply for the same.Especially for official purpose, mail has become the essential medium of communication. And I often receive emails from Students, Research scholars, Fresh graduates, etc.Most of the mails are with big blunders and mistakes. Most of them are.This article will guide the readers who are not aware about the ethics of ...
Read MoreHow to use giphy keys for ios users
You want to say something but someone else says it in the best way. Ever faced this kind of situation? When a post in Facebook needs just a touch of spice by adding few characters, but that’s what you don’t have. Well the wait is over GIPHY is on your rescue.Whenever you have a conversation online, GIPHY is there to help you. The GIF catalog is infinitely loaded with pop culture, original animations and real-time information that you can share on your phone, tablet, laptop etc. Every social site that you use twitter, Facebook, Gmail, tinder everyone has put GIFs.GIPHY ...
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