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Does accounting for service sector

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1359 Points Posted on 03 February 2022
does accounting for service providing firm is different from trading/manufacturing firm
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On 03 February 2022 at 15:31 Report
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Profession Business
28207 Points Posted on 03 February 2022
Obviously nature of operation is different.
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On 03 February 2022 at 15:46
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CFO- at NHTF
58280 Points Posted on 03 February 2022
Basic accounting principles will be same & only few additional ledgers can be seen
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On 03 February 2022 at 21:31
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Chief Accountant
3150 Points Posted on 04 February 2022
Accounting principles are same..
I think it's easy than manufacturing accounting.
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On 04 February 2022 at 03:04
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Profession Business
28207 Points Posted on 04 February 2022
No

MANUFACTURING-IMPLOCATION OF GST TAKING INPUT CREDIT
FOR EXCISE WHOLE SET OF BOOKS LIKE RG23A PART 1 PARRT TAKING CREDIT IS TIME TAKING.
PLA ACCOUNT.
SAME IS THE CASE OF GST IN MANUFACTURING SECTOR.
GSTR2A , GSTR 3B
LETS NOW COME TO SERVICE SECTOR
GST IS CUMBERSOME
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On 04 February 2022 at 07:54
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CFO- at NHTF
58280 Points Posted on 05 February 2022
Basic accounting is same & you can manage it
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On 05 February 2022 at 08:14


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