Understand contra entry in accounting: what is contra entry, contra entry meaning, definition, example, journal entry, types of contra entry, and its purpose.

The article discusses the differences between single-entry systems and double-entry systems of accounting and their alignment with current evaluation criteria for financial systems.

Goods and Services Tax? In India, the GST is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. In simple words, a Goods and Service Tax is an indirect tax.....

TCS (Tax collected at source) is a tax that is collected by the seller from the buyer at the time of sale of certain goods and services. The seller has...

When a supplier spends money on something that's needed to provide a service or product to a client, how the tax called GST (Goods and Services Tax) is applied depends on the nature...