Samarth Accounting Services

  Many times it happens that owners ignore the job of maintaining accounts of their business. But finally they have to face the consequences for the same which may be serious sometimes. Therefore, it is advisable to maintain upto date accounts of the business. We are in the profession of accounts writing and filing of income tax returns since last many years.  We provide excellent service to our clients at reasonable fees. Please contact on the number given below for more details. Sanjeev Samarth SAMARTH ACCOUNTING SERVICES Mobile/Whatsapp No. (+91) 7038712479 E-mail: samarthgraphics2018@gmail.com

  An interview was going on in a company for the post of Accountant. A candidate appeared for the interview and the Accounts Manager of the company was taking the interview. The Accounts Manager asked following question to the candidate. Accounts Manager: Can you tell me what will be the journal entry for goods distributed as free samples? Candidate: Yes Sir, it will be Sales Promotion Expenses A/c Dr. To Closing Stock   Accounts Manager: Why do you think that closing stock should be credited? Candidate: Because the distributed goods will be taken from stock. Accounts Manager: No, you are wrong. The correct entry will be Sales Promotion Expenses A/c Dr. To Purchases   In the above case, the answer given by the candidate was wrong. Many candidates appearing for the interview for Accountant’s position don’t know simple entries of finalization. A talented accountant is the one who has complete knowledge of finalization. Therefore, accountants should always ...

  What is Receipt Voucher? Generally, when the payment is made to the supplier or any expense is paid, then the accountant of any company prepares payment voucher. But whenever the company receives a certain amount for goods sold or commission in the form of a bank cheque, the accountant of the company writes details of the payment received on the backside of counterfoil of bank deposit slip before depositing the cheque. The accountant can’t write information in detail on the back of the counterfoil due to lack of space. Instead of that, if the company starts the policy of maintaining receipt vouchers, then the accountant can write the information of payment received in detail on the receipt voucher. This reduces the major headache of the auditor at the time auditing. After receiving the amount from customers for goods sold, the accountant can prepare a receipt voucher and write details like customer name, bill number, cheque number and the name of the bank in receipt voucher. ...

Hello friends, Sometimes, people ask me whether it is necessary for them to maintain accounts of their business. I reply them that without maintaining accounts how it is possible for them to know exactly what is the financial position of their business. Therefore, any businessman must maintain the below mentioned account books: Cash book: It is necessary to maintain cash book to know the exact position of the cash balance. Bank book: Similarly, bank book is necessary to know the exact bank account balance. Ledger accounts: Ledger is necessary to know the outstanding amount due to suppliers as well as outstanding amount receivable from customers. Ledger accounts of expenses are necessary to know the exact amount of each and every expense head. Profit & Loss Account: This account is necessary to know the exact amount of profit or loss at the end of the year. Balance Sheet: The balance sheet is necessary to know the liabilities and assets of business at the end of the...

We, at Samarth Accounting Services maintain accounts of different companies upto balance sheet. We provide excellent service to our clients at reasonable fees. We have more than 16 years of experience in this field. Please contact on the given number for further details. Contact person: Sanjeev Samarth Mobile/Whatsapp No. (+91) 7038712479 E-mail: samarthgraphics2018@gmail.com Facebook page: www.facebook.com/samarthaccounting

Entries of purchase, sales, cheque receipts & payments, cash receipts & payments, stock accounting, p reparation of bank reconciliation statements,  Profit & Loss Account and Balance Sheet. We send reports to our clients on daily basis. We also file income tax returns.