Motive Power in Final Accounts
Motive power in final accounts refers to the expenses related to the energy or power needed to run the machinery […]
Common Final Accounts Problems and How to Solve Them
Are you facing any final accounts problems? Then this blog is for you, here we will explain how you can
Establishment Expenses in Final Accounts
Establishment expenses play a crucial role in the financial health and reporting of a business. These expenses, often termed operating
Applicability of Accounting Standards
Accounting standards are authoritative standards of financial reporting and are the main source of generally accepted accounting principles. They ensure
Who is the Final Approver of a Account BC Plan?
We were to think about the financial plans such as the Account BC Plan, we think of the detailed strategy
What is Income Tax Act?
When we hear the word tax, most of us think of money being taken away. But in reality, taxes help
Income Tax Act 1961 – Explained
The Income Tax Act, 1961 is one of the most important laws in India. It is a law that helps
Trade Expenses in Final Accounts
A business has many expenses for running it. One of those is the trade expenses, indeed required for producing a
Essential Accounting Standards for CA Inter Preparation
Any student who is studying for Chartered Accountancy Intermediate or CA Inter should, therefore, be well-versed in the subject of
How to cancel an e-invoice?
E-invoicing is a major reform that came along with India’s Goods and Services Tax (GST) framework. It mandates that businesses
How to Get a GST Number: A Step-by-Step Guide
Since the introduction of GST, it has become essential for all eligible individuals and business entities that supply goods and
What is a Proforma Invoice?
A proforma invoice is like a draft bill sent to buyers before goods are shipped or delivered. It is not