Accounting

  • Accounting

Section 50c of Income Tax Act

Due to the country's massive population, there is always a high demand for real estate in India, which usually outnumbers…

3 years ago
  • Accounting

AS 22: Accounting for Taxes on Income

The ICAI has established  Accounting Standard  AS 22 for the purpose of accounting for income taxes. AS 22 is used…

3 years ago
  • Accounting

Bad Debts: Meaning and provisions for bad debts under Income Tax Act

Bad debt is one that cannot be collected and is therefore worthless to the creditor. It is usually the result…

3 years ago
  • Accounting

Marginal Cost of Funds based Lending Rate

For banks, the Reserve Bank of India (RBI)  establishes a fixed internal reference rate. This interest rate is then utilized…

3 years ago
  • Accounting

Balance of Payment

The Balance of Payment (BOP)  may be a statement that keeps track of all monetary transactions between citizens of the…

3 years ago
  • Accounting

Capital Account | Types of Capital Accounts & it’s Importance

Introduction Capital means the assets and cash in a business. Capital may either be cash, hardware, receivable records, property, or…

3 years ago
  • Accounting

Minority Interest

Minority interests are under 50% ownership or interest in an organization. India is an illustration of minority interest with 2/3…

3 years ago
  • Accounting

AS 3 – Cash Flow Statements

Accounting Standard 3 (AS 3 ) Accounting Standard 3 (AS 3) arrangements with cash flow statement. This accounting standard records…

3 years ago
  • Accounting

Foreign Exchange Management Act – FEMA

Have you ever think why the government required foreign currency when the people are even now inhabiting India? Let’s understand…

3 years ago
  • Accounting

A Beginner’s Guide to The Accounting Cycle

Financial statements are censorious to your business. Without them, you would not be able to do things like plan expenses,…

3 years ago