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Services which can’t be provided by Statutory Auditors

Updated on: May 12, 2021

Services which can’t be provided by Statutory Auditors. As per SEC 144 OF THE COMPANIES ACT 2013 Auditor should not render the following services to the

Double Entry System Advantages & Disadvantages – Full Analysis

Updated on: May 10, 2021

Double Entry System Advantages & Disadvantages: Any business transaction involves at least two accounts which we call as Debit and credit. As said above ,

Deduction for School Fees Paid u/s 80c – Eligibility, Payment

Updated on: May 7, 2021

Deduction for School Fees Paid u/s 80c. Section 80C of income tax act allows deduction in respect of many payments and investments made. Section 80C

Accrued Liabilities – Meaning, Definition with Examples

Updated on: May 6, 2021

An accrued liability is a current liability and it arises as a result of work performed and acknowledged by CSC but for which invoices are

Profit Centre – Meaning, Definition, Importance & Example

Updated on: May 5, 2021

A profit center is a part and parcel of a business organizations which generates revenue and also absorbs its own costs, making it possible to

Accounting Standard 16 (AS 16) – Accounting for Borrowing Costs

Updated on: May 5, 2021

Accounting Standard 16 – Accounting for Borrowing Costs (AS 16). This Standard should be applied in accounting for borrowing costs. This Standard does not deal

What is Debit and credit explained with accounting equation

Updated on: May 3, 2021

What is Debit and credit explained with accounting equation. We often come across the words Debit and credit in many situations like while reading accounting

Accounting Rate of Return / Average Rate of Return – All Details

Updated on: April 30, 2021

Accounting Rate of Return / Average Rate of Return. Here we are providing complete details for Accounting Rate of Return or Average Rate of Return. In this

Different Types of Orders Placed in Stock Market – Share Market

Updated on: April 26, 2021

Different Types of Orders Placed in Stock Market. It’s often a confusion when to put a sale order and when to keep a buy order….

Accounting Standard 10 (AS 10) – Property, Plant and Equipment

Updated on: April 26, 2021

Accounting Standard 10 (AS 10) – Accounting for Fixed Assets. The objective of this Standard is to prescribe the accounting treatment for property, plant and

What is Market making? All you have to know about it (Detailed)

Updated on: April 25, 2021

Market making: Market maker is a brokerage firm or an institution that engages in buying and selling of infrequently traded securities to infuse their liquidity. A

Law Making Process – How a bill becomes law (Detailed Guide)

Updated on: April 22, 2021

Law Making Process – How a bill becomes law, Law Making is one of the crucial functions of the parliament. The members of the both

TDS on Rent – Section 194-I, Due Dates, Rates, Person who Liable

Updated on: April 21, 2021

TDS on Rent: As per section 194 I of Income tax act 1961 ,TDS on rent has to be deducted where the aggregate amount paid or

Difference Between Convertible and Non Convertible Debentures

Updated on: April 20, 2021

Difference Between Convertible and Non Convertible Debentures: Check What is the Difference between Convertible and Non Convertible Debentures. Debentures are the long term debt instruments issued

Nominee Vs Legal heir | Know the difference with complete details

Updated on: April 18, 2021

Human life is bound to cease. When we are alive, we make money, acquire properties and invest somewhere. At the end of the journey no

How to Choose Top CA Firms for Articleship Training, Big 4 CA Firms

Updated on: April 10, 2021

How to Choose Top CA Firms for Articleship Training. Details for Big 4 CA Firms, Mid Size CA Articleship Firms, big firm for articleship, etc.

Carbon Tax: Meaning, Objectives, How does it work, Results

Updated on: April 10, 2021

Carbon Tax: Day by day with the increasing emission of gases having carbon content in to the environment is causing to pollution extremely. Eventually this

Derivatives – Meaning, Types, Advantages, Disadvantages

Updated on: April 9, 2021

Derivatives is a product whose value is derived from the value of one or more basic variables, called bases (underlying asset, index, or reference rate),

What are Inter Institutional Deals and Bulk deals?, Features

Updated on: April 8, 2021

What are Inter Institutional Deals and Bulk deals?: Foreign Institutional Investors (FIIs), Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs) are allowed to invest

How to Calculate Net Profit for Managerial Remuneration

Updated on: April 5, 2021

How to Calculate Net Profit for Managerial Remuneration, An special article on How to Calculate Net Profit for Managerial Remuneration & CSR.profit under section 198, In

Accounting standard 2 (AS 2), Inventory valuation Complete Guide

Updated on: April 5, 2021

Accounting standard 2 (AS 2): This Standard deals with the determination of value at which inventories are carried in the financial statements, including the ascertainment

Loans by the Directors to Company – Form MGT-14 (All Details)

Updated on: March 24, 2021

Loans by the Directors to Company : As per the provisions of companies rules (Acceptance of deposits) any amount given by the directors to the

House Rent Allowance HRA and HRA Calculation – In Detailed

Updated on: March 17, 2021

House rent allowance is the amount paid by employer to employees to meet the expenses of rent of the accommodation which the employee has hired

India’s best journalism colleges – list of all best journalism colleges

Updated on: March 15, 2021

India’s best journalism colleges. Mass Communication as a field of study has emerged one of the immensely popular academic routes to purse after school. With

Treatment of provision for gratuity in tax audit (3CA and 3CD)

Updated on: March 15, 2021

Treatment of provision for gratuity in tax audit (3CA and 3CD). While doing tax Audit under section 44AB of income tax act one may come

Backorder – Importance, Backorder costs with Easy Example

Updated on: March 15, 2021

Backorder: Placing an order for an item that is temporarily out of stock is called backordering. When you place an item on backorder we will

Submission of PAN Details of Landlord – Is compulsory

Updated on: March 15, 2021

Submission of PAN Details of Landlord: HRA exemption can be availed up to least of the following, Submission of Land Lord’s PAN details, Violation of rule causes ?

Do NRIs need to file Return of income in India? – Detailed

Updated on: March 19, 2021

Do NRIs need to file Return of income in India?. As per the provisions of income tax act 1961, In case of an NRI, only income

Collegium System of Appointing Judges – Complete Details

Updated on: March 10, 2021

Collegium System of Appointing Judges, There has been a lot of discussion and debates on “collegium system” of appointing the judges. Judiciary is one of

Accounting Standard 13 (AS 13) – Accounting for investments

Updated on: December 19, 2022

Accounting Standard 13 – Accounting for investments (AS 13).This Standard deals with accounting for investments in the financial statements of enterprises and related disclosure requirements.

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