* Accounting Help Tutorials Examples Test



6 Reasons Accountants should Use Online Accounting Software

>> September 30, 2014

Today, there are lots of accounting software companies which provides their product online for your use. Instead of downloading and installing any accounting software in your computer, as accountant you should prefer to use online accounting software because there are some benefits which can be written in following 10 points.
Continue reading »

Gold Spoon

>> September 29, 2014

Sometime one thinks, he should add more and more money for his family. He does same as per his thinking. It is his wrong direction and by going to this direction, he will feel very sad in the end.
Continue reading »

Save Today Smile Tomorrow

>> September 27, 2014

Today, what is in your hand, you have to handle this. Never waste your today. Start saving from today, it is sure, you will feel smile tomorrow. Sometime, human being thinks, he will save tomorrow but due to this thinking, time goes by saying tomorrow, tomorrow and when time of tomorrow, you could not save because you will have no money for saving and you feel sad. So, save today and smile tomorrow.
Continue reading »

Advantages and Disadvantages of Secret Reserves

After learning secret reserves examples, you should learn the advantages and disadvantages of secret reserves. After this, you can take better decision whether you should create secret reserves in your organisation or not.
Continue reading »

Secret Reserves Examples

>> September 25, 2014

Any reserve which is not disclosed by our accounting books will be called secret reserve. These reserves can easily be created by using creative accounting techniques. By just showing low profit or by showing low value of asset or by showing high value of liabilities than actual, we can create such secret reserves.
Continue reading »

Asset Disposal Account

>> September 24, 2014

Asset disposal account is the account which is opened when any fixed asset or its part is sold to other party. Instead all record in same asset account, it is good, we transfer asset or part of asset's current cost to asset disposal account for finding correct and transparent view of all recorded transactions of sale of asset and profit or loss on same deal.
Continue reading »

E-Return of Income Tax

>> September 20, 2014

For Indian accounting students, accountants, tax consultants  and CAs, I have made this tutorial in simple hindi language. With this tutorial, they can learn the 5 steps to file income tax return online in India. Please bookmark this page, in future, I will write video's simple English text on same page. Basically, this is called e-return of income tax in india.
Continue reading »

Income Tax in Tally.ERP 9

Tally.ERP 9 does not support if you want to calculate your own income tax but you can export your profit and loss account to excel file for calculating your taxable income. Except this, you can calculate the income tax liability of your employees and record it in Tally.ERP 9.
Continue reading »

How to Audit of TDS

There are lots of payments whose TDS is deducted by the person pays such payments. As per law of Income tax, 1961, Deductor has to deduct income tax and deposit in Govt. account. So, there is the chance of errors and mistakes in it. So, company can appoint the auditor to audits its TDS records and payments.
Continue reading »

How to Do Audit of Excise Duty

>> September 18, 2014

As per central excise duty act, there is no statutory condition of auditing of excise duty. But if company audits his audit duty, it will be helpful for company because with audit, all bills, transactions and records relating to excise duty will be checked by professional. So, before paying excise duty, all errors and mistakes can be easily rectify or after paying excise duty, company can claim for refund of excess excise duty payments.
Continue reading »

Gross Sales

Gross sale is one of important measure of the performance and efficiency of any company. Gross sales means total sales which is done by company. It is the sales which is done all departments and branches of company. It includes both cash and credit sales. It is calculated before discounts and deduction of total sales returns.
Continue reading »

Travel Expenses Report Format

>> September 17, 2014

To buy and to sell the products are main parts of business. For this, business employees have to go outside of station. For going outside, employees have to pay different expenses for travelling and living in other cities or countries. Either, employees get advance or pay from their own pockets.
Continue reading »

Excise Duty in Tally.ERP 9

To study the accounting treatment of excise duty in Tally.ERP 9 is useful for manufacturers and dealers. All they have to pay net excise duty to Govt. account. They have to calculate excise duty on purchase and sale. On purchase, they have to pay the excise duty and on sale, they get excise duty. Difference will be paid into Govt. account.
Continue reading »

Service Tax in Tally.ERP 9

>> September 16, 2014

When we buy or sell of services, we have to record service tax. Because it is tax matter, we have to take it more seriously. Government's tax department can check any time if your annual service tax is huge like telecom companies' service tax. So, we have to record purchase and sale of services with service tax properly in the books through tally software.
Continue reading »

Accounting Profit Formula

>> September 13, 2014

Accounting profit is helpful for surviving the business in the worst time. It is just like fuel to go forward. One side business has suffered big loss and other side and business has obtained big sales revenue. Result is nominal accounting profit but still with this profit, we can use as additional capital for reconstructing our business from beginning by forgetting big losses.
Continue reading »

How does Bank Give Loan

>> September 11, 2014

As the finance student, you should know the steps of giving loan by bank without any physical security. This is very difficult for bank to give loan without physical security. But still bank gives this loan by taking risk and promote the business. For reducing his risk,  bank has some rule and regulations which are known banks procedures and formalities for getting loan which any customer has to fulfill.
Continue reading »

Hybrid Basis of Accounting

>> September 9, 2014

Hybrid basis of accounting is the system in which we use both cash basis and accrual basis of accounting. Businessman will record revenues and assets on the cash basis accounting and he will record expenses and liabilities on accrual basis of accounting.
Continue reading »

Process of Accounting

>> September 8, 2014

When we start business, process of accounting will also start. Its beginning point starts from identification of your business transactions and separate these transactions from personal transactions. Record these transactions. End of the process of accounting will be by making of trial balance and financial statements.
Continue reading »

How to Check Credit Card Account

>> September 3, 2014

If you do not check your credit card account, there is the chance of any fraud with your credit card. When anybody will misuse your credit card and amount within, you have to pay same liability. So, before happening any mishappening, you should aware from this by checking your credit card. Here, we are teaching its simple steps.
Continue reading »

What is XBRL

>> September 2, 2014

XBRL is the short form of eXtensible business reporting language. This language is in XML and it can easily transfer from one computer to another computer. Different business reports are made in XBRL and transfer this business information without any problem.
Continue reading »
Learn Step by Step through Our Educational Video-Guides...

About Accounting Education

An educational site with 2500+ articles, solutions, video-guides and tutorials on all topics related to accounting and finance.

Get Update on Mobile

Type svtuition.org in your mobile phone web browser for free access anytime, from any place.The content is designed specifically for cell phones and mobile devices.

Contact Us

Contact us Send an Email Phone number and vCard LinkedIn profile Follow us on twitter