BPA Educators

A journal entry is a record of the #business #transactions in the #accounting #books of a #business. A #properly #documented #journal #entry consists of the correct date, amounts to be debited and credited, description of the transaction, and a unique reference number. A journal entry is the first step in the accounting cycle. 

 BPA Educators has been established with a vision to aid students and professionals in achieving their goals. We at BPA Educators understand the aspirations of young students and professionals. Our sole aim is to reduce the hassle that one can encounter while choosing the right career option. We have striven hard for the past 10 years and trained over 1000+ students to date. Our team of counsellors is qualified and experienced, consisting of CA’s, CMA’s, CS, LLB, and MBA’s who have exposure to practical training with hands-on experience in the industry, having experience of 10 to 15 years and growing strong with a commitment to transform the career of students with better opportunities amongst various age groups. 

 We provide the best training and counselling for students from Class XI till MBA.

BPA Educators offers Basic and advance courses in Microsoft Excel, which helps you to keep the data of number and analyze them properly, according to the requirements and needs.

Course Offered:-

1) PAP

2) PAP +

3) MIS

4) GST Practical Training and E-filling

5) Direct Tax Practical Training and E-Filling

6) MS Office Basic and Advance

7) IELTS

8) BCOM Coaching

9) CA,CS,CMA Coaching

10) 11th and 12th Coaching

11) Tally. ERP 9 Basic and Advance

12) Spoken English

13) Communication

14) And Many More

KEY FEATURES

1) Excelled in the Job Oriented Training

2) 10+ years’ experience and qualified trainers (CA/CMA/CS/MBA)

3) Fully practical approach with best grades in exams

4) Training on Latest Accounting Software

5) The updated and relevant study material

6) Real-life projects & On the job training

7) Job for lifetime facility

8) 1000 + satisfied and placed students

9) Strong placement network

10) Connect with 500+ Employers

11) Monthly 200+ openings

12) Workshops, Guest Lecture, and various other activities for industry and student interaction

13) Special rebate scheme for special and weaker section students

14) Fully Equipped Infrastructure

For expert advice

Address: C-8/13, Sector-7, Rohini, Delhi-110085

Call: +91-8882196405

Email: [email protected]

Private Facebook group: BPA mastery

To get more updates join VIP COMMUNITY OF BPA EDUCATORS- https://www.facebook.com/groups/bpamastery/

Website: www.bpaeducators.com

Instagram: https://www.instagram.com/bpaeducator/

Facebook: https://www.facebook.com/bpaeducator

Twitter: https://twitter.com/EducatorsBpa

YouTube: https://tinyurl.com/y9nb27xc

LinkedIn: https://www.linkedin.com/company/bpa-educators/

Cost Accounting  Basically, there are three types of accounting. 

1. #Financial accounting 

2. #Cost accounting 

3. #Management accounting  

Financial accounting: - It is a particular type of #accounting that includes a method of documenting, Summarizing, and reporting the #transactions arising from business operations for a period of time. It is on a cash basis.  

Cost accounting: - It is a facet of management accounting that determines the actual cost associated with the process of #manufacturing a #product or providing services.  

Management accounting: - It is the process of preparing reports about business #operations that help managers make short-term & long-term decisions. With the help of financial and cost accounting #statements managers are able to #identify, #measuring, #analyzing and #communicating the information.

BPA Educators has been established with a vision to aid students and professionals in achieving their goals. We at BPA Educators understand the aspirations of young students and professionals. Our sole aim is to reduce the hassle that one can encounter while choosing the right career option. We have striven hard for the past 10 years and trained over 1000+ students to date. Our team of counsellors is qualified and experienced, consisting of CA’s, CMA’s, CS, LLB, and MBA’s who have exposure to practical training with hands-on experience in the industry, having experience of 10 to 15 years and growing strong with a commitment to transform the career of students with better opportunities amongst various age groups.

We provide the best training and counseling for students from Class XI till MBA.

BPA Educators offers Basic and advance courses in Microsoft Excel, which helps you to keep the data of number and analyze them properly, according to the requirements and needs.

Course Offered:-

1) PAP

2) PAP +

3) MIS

4) GST Practical Training and E-filling

5) Direct Tax Practical Training and E-Filling

6) MS Office Basic and Advance

7) IELTS

8) BCOM Coaching

9) CA,CS,CMA Coaching

10) 11th and 12th Coaching

11) Tally.ERP 9 Basic and Advance

12) Spoken English

13) Communication

14) And Many More

KEY FEATURES

1) Excelled in the Job Oriented Training

2) 10+ years’ experience and qualified trainers (CA/CMA/CS/MBA)

3) Fully practical approach with best grades in exams

4) Training on Latest Accounting Software

5) The updated and relevant study material

6) Real-life projects & On the job training

7) Job for lifetime facility

8) 1000 + satisfied and placed students

9) Strong placement network

10) Connect with 500+ Employers

11) Monthly 200+ openings

12) Workshops, Guest Lecture, and various other activities for industry and student interaction

13) Special rebate scheme for special and weaker section students

14) Fully Equipped Infrastructure

For expert advice

Address: C-8/13, Sector-7, Rohini, Delhi-110085

Call: +91-8882196405

Email: [email protected]

Private Facebook group: BPA mastery

To get more updates join VIP COMMUNITY OF BPA EDUCATORS- https://www.facebook.com/groups/bpamastery/

Website: www.bpaeducators.com

Instagram: https://www.instagram.com/bpaeducator/

Facebook: https://www.facebook.com/bpaeducator

Twitter: https://twitter.com/EducatorsBpa

Youtube: https://tinyurl.com/y9nb27xc

Linkedin: https://www.linkedin.com/company/bpa-educators/

Basic Terms of Accounting

1.) #Transaction

2.) #Event

3.) #Owner

4.) #Capital

5.) #Assests

6.) #Liability

7.) #Debtors

8.) #Creditors

9.) #Income

10.) #Expense

11.) #Revenue

12.) #Drawings

13.) #Outstanding Expense

14.) #AccuredIncome

15.) #Prepaid Expenses

BPA Educators has been established with a vision to aid students and professionals in achieving their goals.

We at BPA Educators understand the aspirations of young students and professionals. Our sole aim is to reduce the hassle that one can encounter while choosing the right career option. We have striven hard for the past 10 years and trained over 1000+ students to date. Our team of counselors is qualified and experienced, consisting of CA’s, CMA’s, CS, LLB, and MBA’s who have exposure to practical training with hands-on experience in the industry, having experience of 10 to 15 years and growing strong with a commitment to transform the career of students with better opportunities amongst various age groups. We provide the best training and counseling for students from Class XI till MBA. BPA Educators offers Basic and advance courses in Microsoft Excel, which helps you to keep the data of number and analyze them properly, according to the requirements and needs.

Course Offered:-

1) PAP

2) PAP +

3) MIS

4) GST Practical Training and E-filling

5) Direct Tax Practical Training and E-Filling

6) MS Office Basic and Advance

7) IELTS

8) BCOM Coaching

9) CA,CS,CMA Coaching

10) 11th and 12th Coaching

11) Tally.ERP 9 Basic and Advance

12) Spoken English

13) Communication

14) And Many More

KEY FEATURES 1) Excelled in the Job Oriented Training

2) 10+ years’ experience and qualified trainers (CA/CMA/CS/MBA)

3) Fully practical approach with best grades in exams

4) Training on Latest Accounting Software

5) The updated and relevant study material

6) Real-life projects & On the job training

7) Job for lifetime facility

8) 1000 + satisfied and placed students

9) Strong placement network

10) Connect with 500+ Employers

11) Monthly 200+ openings

12) Workshops, Guest Lecture, and various other activities for industry and student interaction

13) Special rebate scheme for special and weaker section students

14) Fully Equipped Infrastructure

For expert advice Address:

C-8/13, Sector-7, Rohini, Delhi-110085

Call: +91-8882196405

Email: [email protected]

Private Facebook group: BPA mastery

To get more updates join VIP COMMUNITY OF BPA EDUCATORS- https://www.facebook.com/groups/bpamastery/

Website: www.bpaeducators.com

Instagram: https://www.instagram.com/bpaeducator/

Facebook: https://www.facebook.com/bpaeducator

Twitter: https://twitter.com/EducatorsBpa

Youtube: https://tinyurl.com/y9nb27xc

Linkedin: https://www.linkedin.com/company/bpa-educators/

#Capital #expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period. #Revenue #expenditures are the ongoing #operating #expenses, which are short-term expenses used to run the daily business operations.  BPA Educators has been established with a vision to aid students and professionals in achieving their goals. We at BPA Educators understand the aspirations of young students and professionals. Our sole aim is to reduce the hassle that one can encounter while choosing the right career option. We have striven hard for the past 10 years and trained over 1000+ students to date. Our team of counsellors is qualified and experienced, consisting of CA’s, CMA’s, CS, LLB, and MBA’s who have exposure to practical training with hands-on experience in the industry, having experience of 10 to 15 years and growing strong with a commitment to transform the career of students with better opportunities amongst various age groups.  We provide the best training and counseling for students from Class XI till MBA.  BPA Educators offers Basic and advance courses in Microsoft Excel, which helps you to keep the data of number and analyze them properly, according to the requirements and needs.  Course Offered:-   1) PAP 2) PAP + 3) MIS 4) GST Practical Training and E-filling 5) Direct Tax Practical Training and E-Filling 6) MS Office Basic and Advance 7) IELTS 8) BCOM Coaching 9) CA,CS,CMA Coaching  10) 11th and 12th Coaching 11) Tally.ERP 9 Basic and Advance 12) Spoken English 13) Communication 14) And Many More   KEY FEATURES 1) Excelled in the Job Oriented Training 2) 10+ years’ experience and qualified trainers (CA/CMA/CS/MBA) 3) Fully practical approach with best grades in exams 4) Training on Latest Accounting Software 5) The updated and relevant study material 6) Real-life projects & On the job training 7) Job for lifetime facility 8) 1000 + satisfied and placed students 9) Strong placement network 10) Connect with 500+ Employers 11) Monthly 200+ openings 12) Workshops, Guest Lecture, and various other activities for industry and student interaction 13) Special rebate scheme for special and weaker section students 14) Fully Equipped Infrastructure   For expert advice   Address: C-8/13, Sector-7, Rohini, Delhi-110085 Call: +91-8882196405 Email: [email protected] Private Facebook group: BPA mastery  To get more updates join VIP COMMUNITY OF BPA EDUCATORS- https://www.facebook.com/groups/bpamastery/ Website: www.bpaeducators.com Instagram: https://www.instagram.com/bpaeducator/Facebook: https://www.facebook.com/bpaeducatorTwitter: https://twitter.com/EducatorsBpaYoutube: https://tinyurl.com/y9nb27xcLinkedin: https://www.linkedin.com/company/bpa-educators/

Stock Journal Vocuher 

QuickBooks is an #accounting #software #package developed and marketed by Intuit. #QuickBooks products are geared mainly #toward small and medium-sized #businesses and offer on-premises accounting applications as well as cloud-based versions that accept #business payments, manage and pay bills, and payroll functions.  #Intuit also offers a cloud service called #QuickBooks Online (QBO). The #user pays a monthly subscription fee rather than an upfront fee and accesses the software #exclusively through a secure logon via a #Web #browser. #Intuit provides patches, and regularly #upgrades the software #automatically, but also includes pop-up ads within the application for additional paid services.  BPA Educators offers Basic and advance courses in Microsoft Excel, which helps you to keep the data of number and analyze them properly, according to the requirements and needs.  Course Offered:-   1) PAP 2) PAP + 3) MIS 4) GST Practical Training and E-filling 5) Direct Tax Practical Training and E-Filling 6) MS Office Basic and Advance 7) IELTS 8) BCOM Coaching 9) CA,CS,CMA Coaching  10) 11th and 12th Coaching 11) Tally.ERP 9 Basic and Advanced 12) Spoken English 13) Communication 14) And Many More   KEY FEATURES 1) Excelled in the Job Oriented Training 2) 10+ years’ experience and qualified trainers (CA/CMA/CS/MBA) 3) Fully practical approach with best grades in exams 4) Training on Latest Accounting Software 5) The updated and relevant study material 6) Real-life projects & On the job training 7) Job for lifetime facility 8) 1000 + satisfied and placed students 9) Strong placement network 10) Connect with 500+ Employers 11) Monthly 200+ openings 12) Workshops, Guest Lecture, and various other activities for industry and student interaction 13) Special rebate scheme for special and weaker section students 14) Fully Equipped Infrastructure   For expert advice   Address: C-8/13, Sector-7, Rohini, Delhi-110085 Call: +91-8882196405 Email: [email protected] Private Facebook group: BPA mastery  To get more updates join VIP COMMUNITY OF BPA EDUCATORS- https://www.facebook.com/groups/bpamastery/  Website: www.bpaeducators.com Instagram: https://www.instagram.com/bpaeducator/ Facebook: https://www.facebook.com/bpaeducator Twitter: https://twitter.com/EducatorsBpa Youtube: https://tinyurl.com/y9nb27xc Linkedin: https://www.linkedin.com/company/bpa-educators/

#Authentication of #Aadhaar #number under the #GST Act  The #Central #Board of #Indirect #Tax and #Customs (CBIC) had issued a #notification on 23rd March 2020, about #Aadhaar #authentication for #GST #registration from 1st April 2020.  The same has been #amended vide notification 62/2020 dated 20th August 2020 to be made optional. The #aadhaar #authentication for #GST #registration is not required for non-residents, #persons other than citizens of India, and persons who have already been registered under GST. As per the latest #notification, every applicant for GST registration can opt for the Aadhaar authentication. The #exceptions are person #exempted by the #Central #government under the CGST Act or those who must mandatorily undergo the Aadhaar authentication under section 25(6C) of the CGST Act. The #revised rule will be effective for applications made on or after 21st August 2020. #Mandatory Cases of Aadhaar Authentication As per Section 25(6C) of the CGST Act, the Aadhaar #authentication is mandatory for the following class of individuals as per Rule 8 of the CGST Act in order to become eligible for the GST registration: 1. Authorised signatory of all types 2. Managing/authorized partners of a partnership firm 3. Karta of a #Hindu #Undivided #Family

QuickBooks is an #accounting #software #package developed and marketed by Intuit. #QuickBooks products are geared mainly #toward small and medium-sized #businesses and offer on-premises accounting applications as well as cloud-based versions that accept #business payments, manage and pay bills, and payroll functions.  #Intuit also offers a cloud service called #QuickBooks Online (QBO). The #user pays a monthly subscription fee rather than an upfront fee and accesses the software #exclusively through a secure logon via a #Web #browser. #Intuit provides patches, and regularly #upgrades the software #automatically, but also includes pop-up ads within the application for additional paid services.  BPA Educators offers Basic and advance courses in Microsoft Excel, which helps you to keep the data of number and analyze them properly, according to the requirements and needs.  Course Offered:-   1) PAP 2) PAP + 3) MIS 4) GST Practical Training and E-filling 5) Direct Tax Practical Training and E-Filling 6) MS Office Basic and Advance 7) IELTS 8) BCOM Coaching 9) CA,CS,CMA Coaching  10) 11th and 12th Coaching 11) Tally.ERP 9 Basic and Advanced 12) Spoken English 13) Communication 14) And Many More   KEY FEATURES 1) Excelled in the Job Oriented Training 2) 10+ years’ experience and qualified trainers (CA/CMA/CS/MBA) 3) Fully practical approach with best grades in exams 4) Training on Latest Accounting Software 5) The updated and relevant study material 6) Real-life projects & On the job training 7) Job for lifetime facility 8) 1000 + satisfied and placed students 9) Strong placement network 10) Connect with 500+ Employers 11) Monthly 200+ openings 12) Workshops, Guest Lecture, and various other activities for industry and student interaction 13) Special rebate scheme for special and weaker section students 14) Fully Equipped Infrastructure   

For expert advice   

Address: C-8/13, Sector-7, Rohini, Delhi-110085 Call: +91-8882196405 

Email: [email protected] 

Private Facebook group: BPA mastery  

To get more updates join VIP COMMUNITY OF BPA EDUCATORS- https://www.facebook.com/groups/bpamastery/ 

Website: www.bpaeducators.com 

Instagram: https://www.instagram.com/bpaeducator/

Facebook: https://www.facebook.com/bpaeducator

Twitter: https://twitter.com/EducatorsBpa

Youtube: https://tinyurl.com/y9nb27xc

Linkedin: https://www.linkedin.com/company/bpa-educators/

#Notification 01-2021 - #CentralTax

Notification No.  Topic/Section/ Rules of CGST Act/ Rules  Change effective from January 01,2021  E-invoicing made mandatory if aggregate #turnover exceeds Rs. 100 Crores  88/2020–CT dated November 10, 2020  Amended Notification No. 13/2020 – CT dated March 21, 2020  E-invoicing made applicable to #Registered #Person (other than SEZ unit, #Insurance #Company, #banking #company, #financial #institution including non-banking #financial institution, GTA, supplier of #passenger #transportation #service, #supplier of services by way of #admission to #exhibition of #cinematograph films in #multiplex #screens) whose aggregate turnover in any preceding financial year from 2017-18 onwards exceeds Rs. 100 crore in respect of supply of goods or services or both or for exports.  Gist of important #changes made vide CGST (Fourteenth Amendment) Rules  94/2020-CT dated December 22, 2020  #Reduction in ITC #entitlement for invoices not furnished by supplier from 10% to 5%  Rule 36(4) amended (effective from January 1, 2021)  Restriction on #claiming ITC in respect of invoices/debit notes not furnished by the suppliers has now been reduced from 10% to 5% of eligible credit available in GSTR-2B.  Restricting use of ITC #amount for discharging output tax liability in GST  New Rule 86B introduced (effective from January 1, 2021)  It is applicable where value of #taxable supply other than exempt supply and export, in a month exceeds INR 50 lakh.  Taxpayer is not allowed to use ITC in excess of 99% of output tax liability.  Certain #exceptions provided to above #restrictions are:  If the registered person has paid more than INR 1 lakh as income tax under the Income-tax Act, 1961 in each of the last two financial years.  If the registered person has received a refund amount of more than INR 1 lakh in the preceding financial year on account of export under LUT/Bond or inverted tax structure.  If the registered person has discharged his liability towards output tax through the electronic cash ledger for an amount which is in excess of 1% of the total output tax liability, applied cumulatively, upto the said month in the current financial year  If the registered person is the Government Department, Public Sector Undertaking, Local Authority or Statutory Body.  Validity of e-way bill narrowed by increasing distance from 100 km. to 200 km. per day  Rule 138 amended (effective from January 1, 2021)  E-way bill will now be valid for 1 day for every 200 km of travel, as against 100 km earlier, in cases other than Over Dimensional Cargo or multimodal shipment in which at least one leg involves transport by ship.  For every 200 km. or part thereof thereafter, one additional day will be allowed.  Time limit for filing Form GSTR-1  83/2020– CT dated November 10, 2020  Extends the time limit for #furnishing the details of outward supplies in Form GSTR-1  Quarterly GSTR-1:  If opted in for/ by default #Quarterly Return Filing and Monthly Payment of Taxes:  The 13th day of the next month #succeeding such quarter  Monthly GSTR-1:  S. No.  Month for which GSTR-1 is to be filed  Due date  1  January 2021  11.02.2021  2  February 2021  11.03.2021  3  March 2021  11.04.2021