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Tips for maintain accounts

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Rural Technology

Following tips are necessary for maintaining accounts:

  • Always keep records of all transactions.
  • Take a bill for all purchases and file them in separate file.
  • Please ensure you have tax paid bill for the purchases. If bill is not tax paid then you may not able to use it as proof of purchase. This means you will not get guarantee or warranty against the purchase.
  • Give receipt of all the money/cheque received.
  • As far as possible use cheque facility for all transactions. This will help in preparing your financial record with the bank. It is very important proof for banks to give you future loans.
  • Tally your accounts periodically and any discrepancy must be sorted out immediately.
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Rural Technology