Books, statements, reconciliation and year-end, explained without jargon.
A March 31 checklist covering stock count, debtor and creditor confirmations, TDS matching with 26AS and AIS, GST reconciliation with GSTR-1, 3B and 2B.
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How to value closing stock under FIFO or weighted average (LIFO is not allowed), cost vs NRV, a worked example, the effect on profit and tax.
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The standard expense heads, what is deductible under Section 37, what is not (personal, penalties, cash above ₹10,000), depreciation rates.
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Why your cash book and bank balance differ, a step-by-step monthly bank reconciliation, uncleared cheques, bank charges, UPI settlement timing and a ready template.
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What assets, liabilities and capital mean on a balance sheet, how stock and udhaar appear on it, what your banker checks and the mistakes small shops make.
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How to read a P&L line by line (revenue, COGS, gross profit, EBITDA, net profit), a worked P&L for a Bengaluru cloud kitchen, margins to watch and why profit is not cash.
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What cash and accrual (mercantile) accounting mean with a worked example, who may use cash basis under Section 145, why GST is always accrual and the tax effect.
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A plain-language guide to bookkeeping for a small business: the books you need, single vs double entry, a weekly routine and what your CA needs at year end.
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