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Accounting and Book Keeping

The techniques of keeping the financial accounts are followed by all organisations. It helps to keep a note on the financial affairs. Maintaining the accounts of the company gives the detailed information of financial outsource and the insource of the company. If any organisation fails to keep the account of the assets, liabilities or cash flow, it can face disintegration of the company. This is the backbone of any kind of business. Keeping the record of the financial transaction helps at the time of paying the income tax to the department of the Ministry of Corporate Affairs.

Maintaining the account can be unexciting but not meaningless and sometimes it is also expensive affair but keeping this record will help at the time of tax paying to the IT Department. This also creates an impression on how the business is running to the promoters and shareholders.