The main difference is that a common size balance sheet lists line items as a percentage of total assets, liability, and equity, which is different from the normal numerical value. A common size financial statement is used to analyze any...
To calculate IGST, just multiply the taxable amount by the appropriate GST rate. For an intra-state transaction, you’ll need to calculate CGST & SGST/UTGST. In this case, the sum of CGST and SGST/UTGST is equal to the total GST amount....
The monthly bills such as rent, car payments, and cell phone payments are done at the start of the month. The insurance amount payment is a typical example of the annuity due and we need to use the annuity due...
It ensures that every transaction is recorded correctly, providing a reliable basis for financial analysis and decision-making. When all entries are posted from the journal to the ledger, you get the desired information. Therefore, the journal is the original book...
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