26Jun

The Role Of Accounting In Business And Why It’s Important

Basic Accounting Equation Though the funds have not yet reached a company’s accounts, they are considered assets because the agreement implies that payment is forthcoming. When accounting for a company’s Why is Accounting Important liabilities, the accountants include any outstanding monies owed or regular payments. Thus, a company might include its debt and interest payments […]

10Jun

Definition Of Net Income

You may need to pay self-employment tax if you’re a freelancer, independent contractor or small-business retained earnings owner. Here’s what self-employment tax is, how it works and how you can save. How is basic salary calculated? Here the basic salary will be calculated as per follows Basic Salary + Dearness Allowance + HRA Allowance + […]