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Does accounting for service sector
does accounting for service providing firm is different from trading/manufacturing firm
Replies (5)
Obviously nature of operation is different.
Basic accounting principles will be same & only few additional ledgers can be seen
Accounting principles are same..
I think it's easy than manufacturing accounting.
I think it's easy than manufacturing accounting.
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
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
Basic accounting is same & you can manage it
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