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method of accounting

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Revenue Recognition Methods for Real Estate Developers

CA, CS, CMA : This study examines the appropriate methods for building construction and the sale of plots in a township, considering the positio...

July 1, 2024 2652 Views 0 comment Print

Accounting for Bonus Shares: A Comprehensive Guide

Finance : Learn the detailed accounting procedures for issuing bonus shares, including necessary journal entries and their impact on financi...

May 31, 2024 1512 Views 0 comment Print

Accounting of Premium on Redemption of Debentures/Preference shares

CA, CS, CMA : Learn about premium on redemption in finance, its formula, accounting treatment, and implications. Understand how it affects cash ...

April 27, 2024 3123 Views 0 comment Print

Understanding the Scope Of Accounting

CA, CS, CMA : Discover the broad scope of accounting across industries, from businesses to individuals, and its pivotal role in financial manage...

April 22, 2024 918 Views 0 comment Print

Capitalization of Expenses: Meaning, Types and Impact

CA, CS, CMA : Discover the meaning of capitalization of expenses, types of expenses capitalized, criteria for capitalization, treatment in finan...

April 21, 2024 4389 Views 0 comment Print


Latest News


Free Webinar on Foreign Accounting & Bookkeeping

CA, CS, CMA : Join our free webinar on foreign accounting and bookkeeping, led by expert CA Sachin Jain. Learn about opportunities, techniques, ...

September 4, 2023 6273 Views 0 comment Print

Criteria for classification of Non-company entities for AS applicability

CA, CS, CMA : The Council, at its 400th meeting, held on March 18-19, 2021, considered the matter relating to applicability of Accounting Standa...

April 1, 2021 126387 Views 1 comment Print

Temporary Exceptions to Hedge Accounting for Derivative Contracts

CA, CS, CMA : Announcement providing Temporary Exceptions to Hedge Accounting prescribed under Guidance Note on Accounting for Derivative Contra...

April 1, 2021 807 Views 0 comment Print

Money laundering and scams “THROUGH” Multi-State Urban Cooperative Credit Societies, Angadia’s & Banks in India/Abroad – Gems & Jewellery Industry

CA, CS, CMA : ICAI Research paper on Money laundering and scams THROUGH Multi-State Urban Cooperative Credit Societies, Angadia’s & Banks in I...

February 17, 2021 1398 Views 0 comment Print

Money Laundering & Scams “THROUGH” Multi-State Urban Cooperative Credit Societies In India – Cash Deposits

CA, CS, CMA : The Credit Co-operative societies have misused various gaps of the system over period of time by tapping various regulations for c...

February 17, 2021 1515 Views 0 comment Print


Latest Judiciary


Method of accounting can be changed if such change is bona fide and permissible under law

Income Tax : Change in method of accounting was bona fide and with the compliance of the Accounting Standard – AS 9 – Revenue Recognition i...

January 13, 2014 13574 Views 0 comment Print

Rejection of Accounting Method followed by Assessee which was accepted in Assessment of earlier Year

Income Tax : Method of Accounting regularly followed by the taxpayer which was accepted by the Tax Officer in past cannot be rejected in future...

February 1, 2011 1228 Views 0 comment Print

If book results are not rejected, AO has no alternative except to accept the book results

Income Tax : We find that at the time of survey the sample processing was carried out and according to the sample processing, the bi-products c...

January 23, 2011 1463 Views 0 comment Print

If AO assume concealment without considering the actual payments made in the subsequent years, such attempt would be premature

Income Tax : We have heard both the sides in detail. Thrust given by the C1T(A) on the mens rea reflected in the conduct of the assessee does n...

January 10, 2010 438 Views 0 comment Print

Change of method of accounting of overdue charges from mercantile basis to cash system does not create any income

Income Tax : In the instant case, learned counsel for the Revenue is not in a position to demonstrate or satisfy us that due to the change of a...

January 4, 2010 3190 Views 0 comment Print


Latest Posts in method of accounting

Revenue Recognition Methods for Real Estate Developers

July 1, 2024 2652 Views 0 comment Print

This study examines the appropriate methods for building construction and the sale of plots in a township, considering the positions outlined in AS 9, the ICAI Guidance Note, and relevant provisions of the Income Tax Act, supported by relevant case laws.

Accounting for Bonus Shares: A Comprehensive Guide

May 31, 2024 1512 Views 0 comment Print

Learn the detailed accounting procedures for issuing bonus shares, including necessary journal entries and their impact on financial statements, in this comprehensive guide.

Accounting of Premium on Redemption of Debentures/Preference shares

April 27, 2024 3123 Views 0 comment Print

Learn about premium on redemption in finance, its formula, accounting treatment, and implications. Understand how it affects cash flow statements.

Understanding the Scope Of Accounting

April 22, 2024 918 Views 0 comment Print

Discover the broad scope of accounting across industries, from businesses to individuals, and its pivotal role in financial management. Explore its applications and significance in modern life.

Capitalization of Expenses: Meaning, Types and Impact

April 21, 2024 4389 Views 0 comment Print

Discover the meaning of capitalization of expenses, types of expenses capitalized, criteria for capitalization, treatment in financial statements, and its impact

How to Import 100 invoices into Tally Quickly and Accurately

April 1, 2024 24036 Views 0 comment Print

Today CA’s, CPA’s, Accountants are more and more often going for digitalization to revolutionize accounting and taxation practices. By integrating technologies such as Artificial Intelligence (AI), Machine Learning (ML) and other innovative solutions in their practice, CAs can boost personal efficiency, increase data accuracy, reduce time-consuming routine, and even elevate client satisfaction.

Elevating accounting services in India: Lessons from global best practices

February 13, 2024 555 Views 0 comment Print

Elevate Indian accounting services by integrating global best practices, advanced technology, and ethical standards to stay competitive.

Audit of Accounting Estimates: Procedures and Importance

January 18, 2024 1626 Views 0 comment Print

Explore concept of auditing accounting estimates, its procedures, and importance in financial reporting. Understand distinctions, subjectivity, and implications for auditors.

5 processes that can be fully automated in accounting

December 1, 2023 1569 Views 0 comment Print

Discover the power of accounting automation! Learn how to automate data entry, payroll management, expense reporting, bank reconciliation, and accounts receivable for enhanced efficiency.

Mistakes made by Small Businesses during Bookkeeping

November 29, 2023 13332 Views 0 comment Print

This article provides a general overview of bookkeeping for small businesses and highlights the top 8 bookkeeping errors that small businesses make.

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