PRINCIPLES OF CONSOLIDATION v Joint Venture (JV) / Jointly Controlled Entities(JCE) (As per Accounting Standard (AS)-27) Profit & Loss items of Joint Venture – No Treatment in Consolidated […]
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 […]
DECLARATION FORM FOR THE F.Y. 2011-2012 PLEASE NOTE: » PAN & Address are mandatory. Please do not fail to furnish the same. » Please indicate details of your […]
The salient features of the new assessment procedure are: 1. The requirement of passing the assessment order in all cases where returns are filed, has been dispensed with. The matter […]
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 […]
SSI Scheme The contribution of Small Scale Sector in the industrial growth of the Indian economy and to the Gross Domestic Product is significant besides the potential for employment generation. […]
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 […]
Clarification on deduction of tax at source (TDS) on service tax component on rental income under section 194-I of the Income-tax Act, CIRCULAR NO. 4/2008, DATED 28-4-2008 Representations/letters have been […]
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 […]