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method of accounting

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सरकारी लेखा प्रणालियों को अद्यतन करने का महत्व

CA, CS, CMA : पुरानी सरकारी लेखांकन विधियों के प्रभाव और एकल औ...

February 27, 2025 150 Views 0 comment Print

A Detailed Walk-through on Procure-to-Pay Cycle and It`s Accounting Entries in Oracle Fusion

CA, CS, CMA : Learn about the Procure-to-Pay cycle and its accounting entries in Oracle Fusion ERP, detailing each step from requisition to paym...

January 10, 2025 1182 Views 0 comment Print

Common Record to Report (R2R) Questions Asked in Interviews

CA, CS, CMA : Explore common Record-to-Report (R2R) interview questions and essential accounting entries like accrued expenses, prepaid expenses...

December 4, 2024 4905 Views 0 comment Print

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 8199 Views 1 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 5523 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 6378 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 131970 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 843 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 1422 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 1554 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 13772 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 1276 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 1490 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 447 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 3247 Views 0 comment Print


Audit of Accounting Estimates: Procedures and Importance

January 18, 2024 1770 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 1617 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 13383 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.

Learn Golden Rules of Accounting

November 23, 2023 4254 Views 0 comment Print

Unlock the fundamentals of accounting with a focus on the golden rules—Personal, Nominal, and Real. Learn how to apply these principles to various accounts, from individuals to entities, expenses to incomes, and assets to losses. Explore real-world examples to understand the nuances of financial transactions and gain insights into the critical role accounting plays in business decision-making. Mastering these golden rules is essential for accurate financial reporting and strategic financial management. Delve into the heart of accounting and empower yourself for success in both practical scenarios and academic examinations

Are Accountant Jobs Under Threat Due to Accounting Automation?

November 21, 2023 3279 Views 2 comments Print

Are Accountant Jobs Being Threatened Due to Accounting Automation? Find Out What Experienced Accountants Have to Say About This Pressing Issue and How It’s Transforming Our Profession.

What are the benefits of maintaining Books of Accounts?

November 8, 2023 5889 Views 1 comment Print

Maintaining books of accounts is an ancient practice that provides businesses with many benefits. Find out what they are with this article. What are the benefits of Books of Accounts?

Debit and Credit in Banking and Accounting

November 8, 2023 3255 Views 0 comment Print

Dive into the world of debit and credit in banking and accounting. Learn what these terms mean, how they affect transactions, and their historical significance.

Cleaning & Maintenance of Books of Accounts on the occasion of Diwali!

October 30, 2023 21687 Views 1 comment Print

Discover legal requirements for maintaining financial records under various acts and how it relates to Diwali’s significance. Learn implications of non-compliance.

Understanding SOX Act: Impact, Penalties and Compliance

October 25, 2023 3381 Views 2 comments Print

Dive into the Sarbanes-Oxley Act (SOX) of 2002 with our in-depth guide, covering its background, reasons for enactment, and key provisions. Learn about the applicability to public and private companies, foreign entities, and the critical sections like 302 and 404. Explore the severe penalties for non-compliance under section 906 and gain insights into the PCAOB standards for auditors.

Three Golden Rules of Accounting: A Comprehensive Guide

October 25, 2023 3156 Views 0 comment Print

Learn the essential Golden Rules of Accounting for accurate financial records. Explore their significance, application, and examples in this detailed guide.

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