Training Programme on Accounting & Legal Practices by Mukund Bakre held at Pune
on 12th May, 2007

A Report

Background:
The secretariat has the mandate to organize four training programmes in a year. This training Programme was conducted based on the formal and informal interaction that secretariat staff had with the newly supported entrepreneurs. The newly supported entrepreneurs had expressed their needs regarding the accounting & legal practices matters and based on it the present training Programme was conducted on 12th May 2007 at Electronica Machine & tools ltd. Saswad. Only newly supported entrepreneurs were invited to attend the training programmes.

AIM:

  • " To train and guide the Entrepreneurs on Accounting & Legal practices.

OBJECTIVE:

  • To learn about Importance and procedures of Accounting & Legal Practices for small businesses.
  • To provide assistance in mitigating their problems related to Accounting & Legal Practices ,


    • Session I and Session II: Accounting and Legal Practices.

Mr Mukund Bakre, Advocate and Tax Consultant conducted the training program on Basic Accounts Keeping. He gave a short introduction to basic accounting and then systematically explained the need for keeping accounts. He then explained the traditional way of keeping accounts, which entailed keeping only two books of accounts. He also stressed on the importance of keeping account of personal expenses. Many times when a person does not keep track of personal expenses he tends to lose track of his spending. In this session he covered following topics.

  1. Needs of Accounting.
  2. Types of Accounting.
  3. 3. Way to maintain account on daily, monthly and the individual transactions basis. In this he explained about Cash Book, Ledger writing and maintenance.

In second session Mr. Bakre was conducted training on legal practices in this session he gave a short introduction on taxation and explained following issues including the briefing on importance of taxation & legal Practices.

  1. Various types of Taxes.
  2. Obligations under various types of Taxes.

In this session he provided information on following Taxes

During the questions answer session he was fielded a lot of questions on sales tax and service tax etc. that he explained to the entrepreneurs.
The Programme was very much appreciated by the entrepreneurs. Around 12-15 Entrepreneurs attended this training Programme.

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