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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 1185 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 4908 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


How to have a correct accounting process in a company

May 28, 2023 1290 Views 0 comment Print

Learn the crucial steps to establish and maintain a correct accounting process in your company. From clear policies to ongoing monitoring, ensure accuracy and compliance.

Inventory Financing How it works, Advantages & Disadvantages

May 12, 2023 2253 Views 0 comment Print

Discover the ins and outs of Inventory Financing: types, advantages, and disadvantages. Learn how businesses can secure short-term loans backed by inventory, optimizing working capital, and gaining financial flexibility. Understand Inventory Loan vs Inventory Line of Credit and find out if this financing option is suitable for your business needs.

What are Journal Accounting Entries?

April 10, 2023 2916 Views 0 comment Print

Learn about journal accounting entries, the fundamental records of financial transactions in business. Understand their preparation, importance in ensuring accuracy, and role in creating reliable financial statements. Discover why proper journal entry recording is crucial for effective financial management and auditing.

Ethics in Accounting: A Guide for Future Accountants

February 6, 2023 3585 Views 0 comment Print

Accounting ethics are vital for decision makers, stakeholders, and the public; learn why in this guide for future accountants. Discover the importance of ethics in accounting and how to cultivate ethical practices.

Sample illustrative SOP for Major Accounting Areas

January 23, 2023 14928 Views 0 comment Print

Explore a comprehensive Sample SOP for Major Accounting Areas covering finance and accounting activities at . Learn about the organization’s background, scope, purpose, and detailed procedures for areas like General Ledger accounting, Accounts Payable, Accounts Receivable, Cash and Bank Balances, and more. Understand the roles and responsibilities of key positions, IT systems used, and the structure of the Finance & Accounts Department.

Importance of Accounting and Income Tax Provisions

January 20, 2023 2184 Views 0 comment Print

Real and Personal Generally deals with Capital Nature of Incomes and Expenses and Nominal deals with Revenue Expenses. It is the act of Recording, Classifying and Summarising of Financial Transactions and Events and interpreting the results thereof.

Web Based Accounting Vs Desktop Accounting

December 19, 2022 2130 Views 0 comment Print

Discover the differences between web-based accounting and desktop accounting. Explore benefits like accessibility, cost-effectiveness, automatic updates, collaboration, and enhanced security for small and medium-sized businesses in India.

How to manage accounting for a real estate agency

November 24, 2022 4014 Views 0 comment Print

Real estate agencies have a lot of financial information to track, from rental income to property sales to commission payments. It can be easy for things to slip through the cracks without proper accounting management.

Basics of Accounting: General Purpose Financial Statements & their Qualitative Characteristics

July 31, 2022 4098 Views 0 comment Print

Explore the basics of accounting with a focus on General Purpose Financial Statements and their Qualitative Characteristics. Learn how financial information caters to informed decision-making for investors, lenders, and creditors. Dive into the four essential qualitative characteristics: Understandability, Relevance, Reliability, and Comparability, ensuring financial statements provide meaningful and reliable insights for effective analysis and decision-making.

Top Differences Between Management & Financial Accounting

June 1, 2022 1491 Views 0 comment Print

Explore the top differences between management and financial accounting. Understand how these distinct accounting practices provide valuable information for decision-making.

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