Accounting Ratios   To test Name of Ratio Formula Parties interested Industry norm Liquidity and Solvency i) Current Ratio Current AssetsCurrent Liabilities Short-term creditors, investors, money lenders & like parties […]

RATES OF DEPRECIATION calculate on fixed assets  _______________________________________________________    Single Shift  Double Shift  Triple Shift           Nature of Assets                                                 WDV    SLM    WDV    SLM    _________________________________________________________ I   BUILDINGS (a)  Buildings(Other […]

WHAT IS XBRL? XBRL stands for eXtensible Business Reporting Language. XBRL is a language for the electronic communication of business and financial data which is revolutionising business reporting around the […]

STATUTORY AUDIT1.  In  recent days audit was done to check the accuracy of the financial statements and to express a true and fair view on the financial statements. 2.  The […]

There are certain processes that are common to any form of business organization. This article analyzes the requirements for starting a Company. These may vary from State to State and […]