CAclubindia Articles
Taxation Entries
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
Accounts Payable Process
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
Time-Time ki Baat Hai - Part II
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
Interpretation of Statutes
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
Finalization of Balance Sheet (Part - II)
Greetings of the Day to all the members of CCI Family. So as promised I am back with the Part 2 of my series i.e. Finalization of Balance Sheet. The link for my previous Article is given below - Finalization
Revised Schedule VI Head Wise Classification Concepts
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
The Banking Regulation Act 1949
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).
Sow a thought
In any field Business/practice or even in personal life Our Commitment and Honesty matters a lot in our success. I had a instance few days back....Few days backwe I was travelling to Shilma with my friends.... while we boarded at Shimla my friends
Note on Sale of Shares held by promoters through the secondary market
INTRODUCTION The Rule 19(2) and Rule 19A of the Securities Contracts (Regulation) Rules, 1957 deal with the maintaining minimum public shareholding of 25%. The Ministry of Fin
Accounting Treatment of Forward Cover in Different scenario
In global scenario, import and export transactions are commonly used by every industry and these transactions are increasing day by day. In last couple of years, rupee and dollar exchange prices movement are drastically changed and due to
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