Due to the country's massive population, there is always a high demand for real estate in India, which usually outnumbers…
The ICAI has established Accounting Standard AS 22 for the purpose of accounting for income taxes. AS 22 is used…
Bad debt is one that cannot be collected and is therefore worthless to the creditor. It is usually the result…
For banks, the Reserve Bank of India (RBI) establishes a fixed internal reference rate. This interest rate is then utilized…
The Balance of Payment (BOP) may be a statement that keeps track of all monetary transactions between citizens of the…
Introduction Capital means the assets and cash in a business. Capital may either be cash, hardware, receivable records, property, or…
Minority interests are under 50% ownership or interest in an organization. India is an illustration of minority interest with 2/3…
Accounting Standard 3 (AS 3 ) Accounting Standard 3 (AS 3) arrangements with cash flow statement. This accounting standard records…
Have you ever think why the government required foreign currency when the people are even now inhabiting India? Let’s understand…
Financial statements are censorious to your business. Without them, you would not be able to do things like plan expenses,…