Accounts Articles
Foreign Bank Accounting Terms
FOREIGN BANK ACCOUNTING TERMSNostro, Vostro and Loro are Italian terms. These are the most commonly used terms in Forex Markets. For dealing in forex market, Indian Branch should have a current account with the foreign branch dealing in respective cu
Add Business Intelligence and KPIs to Tally Solutions
Many small and medium sized companies use the Tally Solution to manage accounting and financial information and decisions. But, as the small to medium (SME) sized organization grows, it must consider its growth plan and take careful steps to grow at
Understanding AS 22 - Deferred Taxes
AS 22 is considered a tricky accounting standard and rightly so. This article is an honest effort to explain the same it in simple words.Deferred tax means providing for the differences between accounting income an
MCA notification on Amendment to Sch II of Companies Act 13
MCA notification on amendment to Schedule II of Companies Act; 2013Ministry of Corporate Affairs has amended Schedule II (Useful lives to compute depreciation) of the Companies Act; 2013 by issuing notification dated August 29, 2014. Schedule II of t
MCA clarification on Accounting Standard 10
Impact of MCA circular on AS 10 on Indian Power Industry The Power Sector in India and Impact of Ministry of Corporate Affairs Circular (MCA) on Accounting Standard 10- Accounting for fixed assets and 16- Borrowing costsThe Power Sector in India has
R & R Expenditure in Land Acquisition - An Accounting Debate
IntroductionWith the growing need to grow, various industrialists in developing nations like India step forward to invest in new manufacturing facilities. One of the key requisite for this activity is Land, on which the upcoming industries will be se
Review of Audited Accounts for New Advance
Banking Made Simple: Review of Audited Accounts for New Advance: This note is prepared with a view to understand step by step the points to be look into and their relevance for consideration of sanction of advance
DOT- COM Companies and Accounting Concepts
DOT-COM Companies, Accounting Concepts and Its Practical TreatmentsWith the development of IT industry there is huge scope for growth not in the IT industry but in all other industries too and the growth of E-Commerce has revolutionized
Depreciation, Companies Act 2013 & The Practical Implication
Depreciation, Companies Act 2013, and The Practical ImplicationAs we all know companies bill is passed by both houses of parliaments and some of is section are applicable from 1-4-2014. i.e. out of 470, 283 sections are applicabl
Substance over Form
The concept of substance over form is very difficult to understand for the students in the initial stage. Owing to initial confusion many students either keep it in option or even if they study, dont understand it fully. I have made a short at
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