Sangita Gupta and Associates

08/12/2025

𝐁𝐨𝐨𝐤𝐤𝐞𝐞𝐩𝐢𝐧𝐠 𝐯𝐬. 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠: 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞 📊💼

📘 𝐁𝐨𝐨𝐤𝐤𝐞𝐞𝐩𝐢𝐧𝐠 𝐯𝐬. 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 — What’s the Difference?
These two terms are often used interchangeably, but they play very different roles in managing a business’s finances.

🔹 𝐁𝐨𝐨𝐤𝐤𝐞𝐞𝐩𝐢𝐧𝐠 = 𝐑𝐞𝐜𝐨𝐫𝐝𝐢𝐧𝐠
Daily tasks like documenting sales, expenses, payments, and reconciling accounts. It’s the foundation of accurate financial data.
✓ Records daily transactions
✓ Focuses on data entry
✓ Maintains ledgers & journals
✓ Supports accurate tax filing

🔹 📈 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 = 𝐈𝐧𝐭𝐞𝐫𝐩𝐫𝐞𝐭𝐢𝐧𝐠
Preparing financial statements, analysing performance, budgeting, tax compliance, and supporting strategic decisions.
✓ Interprets & analyzes data
✓ Prepares financial reports
✓ Handles budgeting & forecasting
✓ Ensures compliance and planning

📊 𝐈𝐧 𝐬𝐡𝐨𝐫𝐭:
Bookkeeping captures the data.
Accounting turns that data into insights.
Both are essential — one builds the records, the other builds the strategy.

Think of it this way: Bookkeeping is the foundation, while accounting builds the strategy on top of it.

Your business needs both to thrive! At SGA, we provide complete financial solutions from daily bookkeeping to strategic accounting advice.

📞 Let us handle your numbers while you focus on growing your business!

05/12/2025

⭐ Hiring for Office Boy

🏢 Company: Sangita Gupta And Associates, Chartered Accountant Firm
📍 Location: Sector 12, Dwarka
📘 Qualification: 10th or 12th Pass

Job Description

We are looking for a responsible Office Boy to handle daily office tasks including serving tea/coffee, maintaining cleanliness, handling files/documents, assisting staff, and running small office errands. The candidate should be punctual, disciplined, and have basic communication skills.

Responsibilities:

Serve tea/coffee/water to staff & visitors

Maintain office cleanliness

Assist in filing and photocopying

Handle courier and small office errands

Support office staff in routine tasks

Experience: Fresher/Experienced both can apply
Salary: As per company norms
Should be punctual and trustworthy.

Work Timings:

10:00 AM to 6:00 PM

How to Apply:

Interested candidates can contact share their resume at:
[email protected]
Or, Contact at 9711564999

10/10/2025

https://www.linkedin.com/posts/casgavaluation_indiancafirm-virrualcfo-usoutsourcing-activity-7382242531314561024-PIRn?utm_source=share&utm_medium=member_android&rcm=ACoAAAeDkz0BExiUtDwgC5MWVqP0oX10eecPYQM

18/04/2025

💡 Here's the Ultimate mind map structure for Financial Statements! 📊

Have you ever felt lost while trying to understand how the Profit & Loss, Balance Sheet and Cash Flow Statement are connected?

Well, this visual mind map will simplifies everything. 👇
🔹It shows how:
Revenue → P&L → Net Income → Retained Earnings
Net Income → Balance Sheet & Cash Flow
Operating/Investing/Financing Activities → Cash Flows

The financial statements are connected, and knowing how they work together is key for anyone involved in managing or analyzing a business. They don’t exist in isolation - each statement informs the others, and recognizing this connection is critical in any business context.

Each line talks to the other, and understanding this interplay is crucial whether you're in finance, accounting, or even running a business.

3 Key Takeaways:
1️⃣ P&L drives profitability but not necessarily cash.
2️⃣ Balance Sheet shows what you own vs owe.
3️⃣ Cash Flow tells the real story behind liquidity.

Master this framework and you'll decode any company’s financial health like a pro!

💬 What tool, tip, or moment helped you grasp financial statements?? Share your tips below 👇

CA Sangita K. Gupta The Institute of Chartered Accountants of India

17/04/2025

💡What you think - Would this change the way you use UPI?

Govt may levy 18% GST on UPI payments above ₹2,000. The proposal could impact individuals and small businesses relying on digital payments.

The GST Council is exploring a potential 18% GST on transaction fees for UPI payments exceeding ₹2,000 — 𝐧𝐨𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧 𝐚𝐦𝐨𝐮𝐧𝐭.

𝐇𝐞𝐫𝐞’𝐬 𝐚𝐧 𝐞𝐱𝐚𝐦𝐩𝐥𝐞 𝐭𝐨 𝐜𝐥𝐚𝐫𝐢𝐟𝐲:
For a ₹2,000 payment, if the transaction fee is ₹20, the GST would apply only to ₹20, adding ₹3.6 as tax.

The total cost for the user would be ₹2,023.6.

While this aims to boost tax revenue, it could slightly impact the cost dynamics of high-value digital transactions. The proposal is still under discussion, but it’s certainly worth keeping an eye on.

Would this affect how you or your business handles UPI transactions? Let’s discuss in the comments! 💬👇

16/04/2025

📢 Valuation plays a 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐫𝐨𝐥𝐞 in Ind AS, as many of the standards rely on fair value measurement and require entities to reflect the economic reality of assets, liabilities, and financial instruments like as:
𝟏. 𝐅𝐚𝐢𝐫 𝐕𝐚𝐥𝐮𝐞 𝐌𝐞𝐚𝐬𝐮𝐫𝐞𝐦𝐞𝐧𝐭 (𝐈𝐧𝐝 𝐀𝐒 𝟏𝟏𝟑)
• Defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction.
• Requires valuation techniques based on market participants’ perspective.
𝟐. 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐨𝐦𝐛𝐢𝐧𝐚𝐭𝐢𝐨𝐧𝐬 (𝐈𝐧𝐝 𝐀𝐒 𝟏𝟎𝟑)
• Assets and liabilities acquired in a business combination are measured at fair value, includes valuation of intangibles, goodwill, and non-controlling interest.
𝟑. 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐬𝐭𝐫𝐮𝐦𝐞𝐧𝐭𝐬 (𝐈𝐧𝐝 𝐀𝐒 𝟏𝟎𝟗, 𝟏𝟎𝟕, 𝟑𝟐)
• Initial and subsequent measurement often at fair value through profit or loss (FVTPL) or fair value through other comprehensive income (FVOCI).
• Derivatives and complex instruments require valuation experts.
𝟒. 𝐈𝐦𝐩𝐚𝐢𝐫𝐦𝐞𝐧𝐭 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 (𝐈𝐧𝐝 𝐀𝐒 𝟑𝟔)
• Involves estimating the recoverable amount (higher of fair value less costs of disposal and value in use).
• Needs discounted cash flow (DCF) models and assumptions about future performance.
𝟓. 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 (𝐈𝐧𝐝 𝐀𝐒 𝟒𝟎)
• Though measured at cost, fair value disclosure is required.
• Valuation helps in transparency and decision-making.
𝟔. 𝐒𝐡𝐚𝐫𝐞-𝐁𝐚𝐬𝐞𝐝 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 (𝐈𝐧𝐝 𝐀𝐒 𝟏𝟎𝟐)
• Requires valuation of employee stock options or other equity-settled instruments, often uses Black-Scholes or binomial models.
𝟕. 𝐋𝐞𝐚𝐬𝐞𝐬 (𝐈𝐧𝐝 𝐀𝐒 𝟏𝟏𝟔)
• Valuation of right-of-use assets and lease liabilities based on present value of lease payments.

🤝 Do you want to know more about applicability of Valuation aspects under Ind AS then feel to reach to us 👉 🙋‍♀️ CA Sangita K. Gupta SANGITA GUPTA AND ASSOCIATES . We are here to guide exact applicability. ANKUR AGGARWAL Atif Malik The Institute of Chartered Accountants of India Expert Consultoria The Insolvency Group

15/04/2025

https://www.linkedin.com/company/casgavaluation/?viewAsMember=true

Follow us on Linkedin

SANGITA GUPTA AND ASSOCIATES | 1,344 followers on LinkedIn. Registered Valuer-SFA, Due Diligence, Statutory Compliance, IFC Setup & Review, SFIO Investigation | We are working in team of expert professional in the area of Valuation related Services as a Registered Valuer - SFA class, Due Diligen...

15/04/2025

📢Attention Stakeholder!

To ensure timely compliance, stakeholders are advised to file MSME Form I for the period October 2024 to March 2025 on the MCA portal.

🗓 Last date for filing MSME Form I : 30th April, 2025

👉 Go to mca.gov.in, log in using your MCA V3 Business User credentials, and navigate to:
MCA Services > Company e-Filing > Compliance Services > MSME- Half yearly return of Micro or Small Enterprise.

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15/04/2025