What is General Ledger
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Answer Posted / gunturu
ledgers are two types one is general ledger and the other
is personal ledger. general ledger consists of accounts
relating to expenses , incomes , liabilities and assets.
general ledger is the base for preperation of trail balance
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Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
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