Wazzeer Services

What are the rules for ESI for employee?

All the establishments covered under the ESI Act and all factories that employ more than 10 employees and pay wages below Rs. 21,000 per month (Rs. 25,000 for employees with disability) must register with the ESIC and contribute towards the ESI scheme.
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What makes a good accounting practice?

A good accounting practice requires accuracy, timeliness, and attention to detail. It should adhere to ethical standards and legal regulations. Good communication with clients and a commitment to continuous learning and improvement are also important.
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What are the three most important statements that are needed for accounting practices?

The three most important financial statements in accounting are the balance sheet, income statement, and cash flow statement. The balance sheet shows a company’s assets, liabilities, and equity at a specific point in time. The income statement shows a company’s revenues, expenses, and profits or losses over a period of time. The cash flow statement shows a company’s cash inflows and outflows over a period of time and helps to assess its liquidity and financial health.
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