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Basic Accounting Principles: How to Stay GAAP Compliant

The economic entity assumption allows the accountant to keep the business transactions of a sole proprietorship separate from the sole proprietor’s personal transactions. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession […]

What is Net Accounts Receivable & How to calculate it?

Stripe does not warrant or guarantee the accuracy, completeness, adequacy, or currency of the information in the article. You should seek the advice of a competent attorney or accountant licensed to practice in your jurisdiction for advice on your particular situation. Writing Off Uncollectible Accounts Accounts are sorted and inspected according to the length of […]

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