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About ITT Council, Delhi

About ITT Council, Delhi ITT COUNCIL, Delhi is a registered under Government of India, working in the field of Appointing vocational trainings Center related to Computers, Accounting, Technical Education and Entrepreneurship Development. Provide Education in Information and Technical Education and its related activity in India and out of India Also ITT COUNCIL, Delhi Take Online and offline Examination and provide Diploma, Short Term, Long Term, Courses and Degrees for Completion of IT and Technical Education and establish Education Campus.ITT COUNCIL, Delhi has taken up the initiative to promote local entrepreneurs to set up institute for providing vocational trainings to the students for their skill development.

Great philosopher & scientist of all time Albert Einstein once said "Imagination is more important than knowledge, knowledge is limited ,imagination encircles the world".These words of great visionary inspired us to start our board Information Technology and Tec…

Details Groups of Accounts Part 3,

Details Groups of Accounts Part 3, 8.  Miscellaneous Expenses (Asset) - This group is typically used for legal disclosure requirements such as Schedule VI of the Indian Companies Act. It should hold incorporation and pre-operative expenses. Companies would write off a permissible portion of the account every year. A balance remains to an extent that cannot be written off in Profit & Loss Account. Tally does not show loss, carried forward in the Profit & Loss Account, under this group. The Profit & Loss Account balance is displayed separately in the Balance Sheet.9.  Branch/Divisions - This maintains ledger accounts of all your company’s branches, divisions, affiliates, sister concerns, subsidiaries and so on. Tally permits Sales and Purchase transactions to take place with accounts opened here. Remember, these are their accounts in your books and not their books of accounts. Just treat them as any other party account. If you wish to maintain the books of a branch/division …

Proforma of Balance Sheet

Proforma of Balance Sheet
Company Name BALANCE SHEET AS ON 31/03/2017
Liabilities Amount Assets Amount Capital Account Owner Name Partner Name Director Name
Unsecured Loan (Loan From Relatives & Friends)
Secured Loan (Loan From Bank & Other with Security) For Example – CC A/c (Cash Credit Account) Term Loan, Home Loan, etc.
Current Liabilities Duties & Taxes Sundry Creditors Advance From Customers
Provision For Example – Salary Payable, Electricity Bill Payable,  Audit fees Payable etc