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Journal Entries Made Easy (The Way I Actually Understand Them) – With Practical Questions

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Introduction When I first started learning accounting, journal entries didn’t feel difficult because of concepts — they felt confusing because of decision making . Every question looked simple… But the moment I had to decide: 👉 “Debit kya karein? Credit kya karein?” That’s where things went wrong. If you’re facing the same issue, then this guide is not going to give you textbook definitions. I’ll explain journal entries the same way I think while solving them in real life . First, Forget the Fear Let me tell you one honest thing: Journal entries are not about memorizing rules. They are about understanding what is happening in the transaction . First you need to figure out that which account is related to the transaction held in Accounting there are 5 heads under which all things comes. 1.      Assests – Cash ,Property Equipment, Vehicle , Accounts Receivable 2.      Liabilities - Bank Loans, Accounts Payable,Credi...

New Income Tax Act, 2025 vs Old Income Tax 1961 in India

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  If you’re confused about the  new Income Tax Act, 2025 , you’re not alone. The law has changed, but in a way that’s more about  making things cleaner and easier , not suddenly making everyone pay more tax. I’ve tried to explain it in plain language, step by step, so you can understand what it actually means for you—whether you’re salaried, self‑employed, a business owner, or a senior citizen. The old Income Tax Act have many things that are typical to understand as there are many rules and regulations and lots of sections that will make person confused about some things and also make confusions regarding various topics and factual situations. While i am working on income tax it makes me also confused sometimes i face difficulties but now the act is refined and will give difficulties at the starting stage but at later it will be okay to deal with.   What Exactly Is the Income Tax Act, 2025? The  Income Tax Act, 2025  is the new main law that...

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