An event organised on Saturday gives important pointers on good accounting practices to the people residing in apartments and gated communities to manage their residents’ welfare associations and minimise expenditure.
During the interactive session, residents expressed their grievances about increasing water and maintenance charges and draw attention to that people living outside their apartments that did not pay maintenance charges, whose burden eventually fell on other d inhabitants.
Murali Iyer, Cost Accountant, Giridhar Bhat and Company, spoke much on statutory audit, service tax, income tax and basics of accounting at the event, organised by Common Floor, a real estate portal.
He furthermore, educated the gathering about money and information system management.