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Understanding double entry bookkeeping under GST is essential for every commerce student, accountant, business owner, and GST practitioner. In this detailed practical session, CA Devesh Thakur explains GST accounting through real-life journal entries, covering both goods and services transactions in a simple and structured manner. This video provides step-by-step GST journal entries starting from GST fundamentals to advanced accounting treatments, including purchases, expenses, assets, losses, d
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Understanding GST accounting entries is one of the biggest challenges for eCommerce sellers and accounting students. Most people get confused about why certain accounts are debited or credited, and how these entries affect the Balance Sheet and Profit & Loss account. In this reel, I have explained the monthly GST entries in the simplest way possible, focusing only on GST (Part 1). When you purchase goods, the purchase account increases as an expense in P&L, while the GST paid is not your cost. I
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Learn how to balance the books, prepare VAT returns and more with our online Accounting courses. ⭐ Unlimited tutor support ⭐ Award winning AAT Approved Training Provider ⭐ FREE CV Review and job tips ⭐ Flexible payment option - from €29/week | The Career Academy
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