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Who keeps a petty cash book?

The petty cash book is maintained by the petty cashier. He is the one responsible for recording the petty cash... View Article

No, books are exempted from GST. Also read: MCQs on GST Learn about more commerce questions and answers from different... View Article

The advantages of a petty cash book are as follows: Minimises labour It is easy to record transactions in a... View Article

There are two types of petty cash books that are most commonly used: Imprest petty cash book Columnar or Analytical... View Article

A petty cash book records transactions that are repetitive in nature, such as postage, stationery etc. Also read: Cash Book... View Article

The difference between a petty cash book and a cash book is that a petty cash book is used to... View Article

Two useful features of a cash book are as follows: It functions as a journal as well as a ledger.... View Article

Processed fruit products like jam and jellies attract a GST of 18%. Also read: MCQs on GST Learn about more... View Article

The cash book is prepared by the accountant in a business firm. Also read: Cash Book Cash Flow Statement Ledger... View Article

The four types of cash books are: Single column cash book Double column cash book Triple column cash book Petty... View Article

Freshly produced milk is exempted from GST. But packaged milk with brand name falls under 5% GST. Also read: MCQs... View Article

Services provided by the Reserve Bank of India are exempted from GST. Also read: MCQs on GST Learn about more... View Article

Wheat is exempted from GST, but processed wheat products will have GST applicable. Also read: MCQs on GST Learn about... View Article

18% GST is applicable on home food delivery services. Also read: MCQs on GST Learn about more commerce questions and... View Article

No, the food delivery service is not free from GST. Also read: MCQs on GST Learn about more commerce questions... View Article

Services that are GST free are food grains, jaggery, fish and meat (not processed and packaged), curd, hearing aids, raw... View Article

The full form of IFF in GST is Invoice Furnishing Facility. Also read: MCQs on GST Learn about more commerce... View Article

CGST (Central Goods and Services Tax) is levied by the Center on the intrastate supply of goods and services while... View Article

The GST system was proposed by the Atal Bihari Bajpayee government and was implemented by Prime Minister Narendra Modi in... View Article

The GST council is headed by the finance minister. The current head of the GST council is Nirmala Sitharaman. Also... View Article