The Andhra Pradesh State Government vide circular no. GO/Rt/No.2116 dated 6.12.2024 declared following General Holidays for the year 2025 under section 25 of Negotiable Instrument Act 1881. Following is the list of bank holidays for the year 2025 Sr.No. Date Day Occasion/Festival 1 14.01.2025 Tuesday MAKARA SANKRANTHI 2 26.01.2025 Sunday REPUBLIC DAY 3 26.02.2025 Wednesday…
A trial balance is a preliminary step in preparing a balance sheet. It summarizes the general ledger account balances. The trial balance taken the first time is called an unadjusted trial balance. Whenever totals of debits and credit side mismatches in the unadjusted trial balance, the major job is to search for and correct the…
[This post elucidates the eligibility status of Small Companies and the benefits given to small company promoters and directors.] The Companies Act, 2013 (‘Act’) introduced the concept of small companies to provide advantages for small businesses operating as private limited companies. Small companies do not have any separate procedure to obtain registration under the Act.…
A trial balance is an internal financial report that lists all the balances of general ledger accounts of an entity at a specific time. The items reflected in the trial balance include assets, liabilities, equity, revenues, expenses, gains, and losses. It’s usually prepared at the end of the accounting year to ensure the bookkeeping system’s…