As of 2020 UAE’s E-commerce industry is on an upward trajectory, with increased demand for online purchasing by the young tech-savvy population having given a greater foundation for the industry. The country’s high percentage of digital millennials who are well accustomed to technology has raised the bar for seamless and convenient online shopping. There are other sectors like logistics, manufacturing, and so on benefit from the increased demand for E-commerce. E-commerce startups now started to attract significant investments, and supported by government policies for innovation and a cashless economy has enhanced consumer trust thus helping them thrive in the UAE market. Along with growing business opportunities, the need for the right accounting services also weighs higher. Competitive accounting services are also available in a wide range as well, which gives the companies vast choices. It is always advisable to choose the right accounting services for efficient and faultless business operations.
According to Euromonitor, the projected value of the E-commerce market has grown by a compound annual growth rate that is estimated to reach 8 billion dollars by 2025. E-commerce strengthened by the digital industry is said to be soon labeled as the new business model which expands its wings to the e-commerce ecosystem. With new developmental strategies soon the sector is going to present new trends in the global market. To make certain the stakeholder interest in this industry it is necessary to handover the accounting services to handover to competent accountants who are systematic and up to the minute with recent changes in the accounting standards. . It is always advisable to choose the right accounting services for efficient and faultless business operations
Our accredited accounting experts make sure to deliver the right accounting services considering the client’s necessity. Our specialists can build custom-made accounting services depending on the industrial demands. Years of experience in the field of accounting have helped us build credibility in molding the best accounting performer. Our contented client base is the affirmation that we can provide to you. Our exemplary services can vouch to deliver the appropriate financial operations for accurate Organizational objectives. Our team of competent professionals with firsthand knowledge of all the accounting software will bring out the quantitative accounting information for productive business decisions. Choosing CDA as your accountant will never be a disappointment.
A journal is a detailed account that records all the financial transactions of a business, to be used for the future reconciling of accounts and the transfer of information to other official accounting records, such as the general ledger.
A ledger entry is a record made of a business transaction. The entry may be made under either the single entry or double-entry bookkeeping system.
A T- account is a graphical representation of a general ledger, which records business transactions.
A general ledger (GL) is a set of master records and transactions recorded and a sub-ledger(SL) is the intermediary set of accounts connected to the general ledger.
Nominal ledgers and Private ledgers are the two types of ledgers.
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