Aavana

Irrespective of the business establishment, it is mandatory for all shops, commercial establishments, retail businesses, amusement parks and other profit-making organizations to obtain a Shops and Establishment licence. Whether the business is fully functional or not, the business…

What is the accounting cycle? An Accounting cycle provides a guide to record, analyse and provide the final report of a business’s financial activities. This cycle makes business activities and financial accounting easier for business owners. The closing…

The foremost objective of maintaining a books of accounts is to get information about the financial position of the business. Here are a few basic advantages of accounting Maintenance of permanent Business records Basically business will have a…

Accounting refers to the process of keeping financial accounts of the business. Accounting follows a systematic process of summarizing, analysing and reporting these transactions to tax collecting agencies. The types of accounting Financial Accounting This field is concerned…

A Partnership firm gets registered under section 58 of the Indian Partnership Act 1932 and it is done through the Registrar of Firms. A business entity that is controlled by an association of people is defined as a…