BillClap Blogs

In March 2024, the Gross Goods and Services Tax (GST) revenue hit a landmark, reaching ₹1.78 lakh crore, marking the second-highest collection ever. This represents an impressive 11.5% year-on-year growth. Notably, domestic transactions contributed significantly to this surge, accounting for a 17.6%

In the picturesque valleys of Kashmir lies a world of untapped business potential, ripe with opportunities waiting to be explored. From traditional handicrafts to modern technology ventures, the region offers a diverse array of promising business ideas in Kashmir.Entrepreneurs willing to explore the

India's small businesses are facing difficulties with debt and late payments. The Union Finance Ministry is thinking about delaying Rule 43B (h) of the Income Tax Act. This rule says payments to micro, small, and medium enterprises (MSMEs) must be made within 45 days. Reports suggest that the d

Nestled amidst the breathtaking Himalayan landscape, Kashmir is renowned for its picturesque beauty and vibrant culture. However, beyond its scenic allure and attractive Kashmir tour packages lies a bustling hub of commerce - the wholesale markets. These markets serve as the backbone of Kashmir's ec

What is cost accounting ? Cost accounting is a branch of accounting that focuses on analyzing, recording, and tracking the costs associated with producing goods or services within a business. It involves the classification, allocation, and monitoring of expenses to help management make informed

Gas station or Petrol Pump businesses are usually very profitable. As more vehicles are on the roads, the demand for petrol and diesel goes up. This means petrol pumps can make good money. So, starting a petrol pump is a great choice for anyone looking to start a new business.To set up an Essar petr

What is MFGMFG stands for "Manufacturing." It's the process of making things, like toys or cars, in big factories. Imagine a place where workers use machines and tools to create products we use every day. MFG involves designing, producing, and putting together different parts to make the final item.

What are Sundry Creditors?Sundry creditors refer to the individuals or entities to whom a business owes money for goods or services received on credit. These creditors are a crucial aspect of a company's financial dealings, representing the outstanding payments that the business needs to settle in t

What is a petty cash book?A petty cash book is a manual or electronic ledger used by businesses to record small, routine expenditures made in cash. It helps in recording little expenses, such as buying office supplies, coffee for meetings, or small things needed day-to-day. In this book, there

Overview: Accounting is the systematic process of recording, analyzing and interpreting financial transactions for businesses or individuals. It involves summarizing financial data to prepare reports, ensuring accuracy, and complying with regulatory standards. In the corporate world, accountant