CAclubindia Articles

Acounting for Cenvat

Posted by Venkatanarayana GM 12 October 2012 22537 Views

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

Importance of study plan

Posted by Prakruthi .S 12 October 2012 49910 Views

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

Taxation Entries

Posted by Member (Account Deleted) 11 October 2012 121256 Views

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

Posted by Ki$hor B 12 October 2012 67951 Views

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

Posted by Prof. Bajaj 12 October 2012 15513 Views

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

Posted by *RENU SINGH * 12 October 2012 112290 Views

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)

Posted by SANYAM ARORA 10 October 2012 30694 Views

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

Posted by MOHAMMAD SALIM 10 October 2012 132997 Views

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

Posted by *RENU SINGH * 10 October 2012 46499 Views

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

Posted by Rahul Jain 09 October 2012 11688 Views

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