Accounting Tips:

Accounting tips:Understand Double-Entry debit/credit accounting:Definitions of credit/debit:0) A debit or credit are both types of parts of a money transaction in a double entry bookkeeping system.1) A credit always does the opposite to a particular account that a debit does.2) In a complete transaction in a double entry bookkeeping system, the sum of the credits must equal the sum of the debits for the transaction to be in balance.3) Since in the world there are only two kinds of accounts, your companies, and all the other companies in the world,...

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RTGS

Q1. What is RTGS System? Ans. The acronym 'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting).'Real Time' means the processing of instructions at the time they are received rather than at some later time.'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). Considering that the funds settlement takes place in the books of the Reserve Bank...

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Myspace

IMF Chief denied bail by New York judge…next appearance on May ...

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TDS

TDS rates for Financial Year 2010-11 Form 24Q: Male Female Senior Citizen Tax (%) For Income Between 0 to 1,60,000 For Income Between 0 to 1,90,000 For Income Between 0 to 2,40,000 0 For Income Between 1,60,001 to 5,00,000 For Income Between 1,90,001 to 5,00,000 For Income Between 2,40,001 to 5,00,000 10 For Income Between 5,00,001 to 8,00,000 For Income Between 5,00,001 to 8,00,000 For Income...

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