CAclubindia Articles

Interpretation of Statutes

*RENU SINGH * 12 October 2012 at 12:08

Statutes mean an act passed by legislative body. So interpretation means explanation of the same. Interpretation of statutes is needed when language of law is not clear or has ambiguous meaning. These interpretations are

Time-Time ki Baat Hai - Part II

Prof. Bajaj 12 October 2012 at 12:08

Hey Niraj, am back to seek your help again said Uncle Shrikant to his nephew Niraj Desai. Completely my pleasure uncle, please tell me, how can I be of help to you. Said Niraj Shrikant: As you know, my younger son, Aaka

Accounts Payable Process

Ki$hor B 12 October 2012 at 12:08

I was puzzled when my colleague, a new joiner, came up and said I find the Accounts Payable process a double dutch, payments made by cheque should be easy peasy (lemon squeezy). I peeped into his educational background and found him

Importance of study plan

Prakruthi .S 12 October 2012 at 12:08

WATCHWORDS: Practice, Patience, Perseverance; Plan your work and work your plan; There is no substitute for hard-work and discipline. Most of the ti

Acounting for Cenvat

Venkatanarayana GM 12 October 2012 at 12:07

Introduction: Accounting under service tax is one of the important aspects for the assesses in the organization . In this article we would like to highlight some important basic accounting entries with regard to service tax. So that, the organi

Treatment of Proposed Dividend under Revised Schedule VI

MOHAMMAD SALIM 12 October 2012 at 12:07

A) INTRODUCTION Revised Schedule-VI has been promulgated by Ministry of Corporate Affairs, Government of India vide Notification No S.O. 447(E) dated 28th February,2011. In said notification reference has been made to the Accounting Standards noti

Education System

jhony 12 October 2012 at 12:07

Education is a vital thing for every individual. India is the land where educationists like Swami Vivekananda was bornbut why people today are facing problems in getting quality jobs, maintaining quality living and always searching for bette

Taxation Entries

Member (Account Deleted) 11 October 2012 at 13:06

The actual taxation entries are most important things as they clears the Balance sheet picture and gives real result. Before going to understand the taxation entries, we should clear the various heads relating to Income Tax. [1] Provision for In

The Banking Regulation Act 1949

*RENU SINGH * 10 October 2012 at 11:28

Introduction The banking regulation act 1949 extends to whole of India. Other acts are used as auxilliary to this act e.g. Companies Act 1956( defining company) , negotiable instrument act defining public holiday).

Revised Schedule VI Head Wise Classification Concepts

MOHAMMAD SALIM 10 October 2012 at 11:28

As we know the Revised Schedule VI has introduced a concept of classified balance sheet. Para 1 and 3 of General Instructions for preparation of Balance Sheet defines current assets / non-current assets and curre