Description

SYLLABUS

MODULE – I:

(1)   Financial Report:

• Trial Balance: Phase of the Accounting Process, Ledger Balances on a Particular Date and Classification of Errors.
• Profit and Loss Account: Introduction, Purpose, Analysis of Report, Direct and Indirect Cost and Format of Profit and Loss Account. Balance Sheet: Features, Purpose, Importance, and Balance Sheet Formats.

(2)   Goods and Services Tax (GST):

• About Goods and Services Tax (GST): An Introduction Including Concept of GST, Need and Benefit of GST.
• GST Taxes and Invoices: GST rate, Application of CGST, SGST and IGST, Printing of tax invoices and computation of GST liability. Activating GST Masters in Tally: GST Compliance, Setting Up of GST Rate, Updating Party GSTIN and Updating GST in service Ledgers.