Accounts Articles

Depreciation, Companies Act 2013 & The Practical Implication

Naresh Kansala 22 July 2014 at 16:50

Depreciation, Companies Act 2013, and The Practical ImplicationAs we all know companies bill is passed by both houses of parliaments and some of is section are applicable from 1-4-2014. i.e. out of 470, 283 sections are applicabl

Highlights of Companies (Cost Records and Audit) Rules 2014

CMA Ramesh Krishnan 05 July 2014 at 13:23

Highlights of Companies (Cost records and audit) Rules 2014Introduction: Ministry of Corporate Affairs has notified the Companies (Cost records and audit) Rules 2014 under section 148 & 469 Companies Act 2013 on 30th June 2014. These rules have l

Substance over Form

Amol Gopal Kabra (CA,CS,DISA) 09 June 2014 at 12:05

The concept of substance over form is very difficult to understand for the students in the initial stage. Owing to initial confusion many students either keep it in option or even if they study, dont understand it fully. I have made a short at

Throughput Accounting: A new approach to Management Accounting

Hetvi Sheth 05 June 2014 at 13:06

ICAI CA final Management Accounting module makes a slight reference to the concept of Throughput Accounting. On reading various literatures on this concept, it changed my pe

Analysis of Guidance Note on Real Estate Transactions (R)

CA. VIKAS RAI 28 April 2014 at 12:02

ANALYSIS OF Guidance note onAccounting for reAl estateTransacTionsObjectiveThe objective of this Guidance Note is to recommend the accounting treatment by enterprises dealingin 'Real Estate as sel

Tax on restaurants

Danish 07 April 2014 at 11:59

Restaurant BillNowadays Restaurant bills are quite confusing for everyone, after having a delicious dinner Restaurant bill makes you uncomfortable. because of too much tax collected on bill, around 30% above the menu price, and if you ask to Restaura

Forensic Accounting

Rajkumar Adukia 24 March 2014 at 16:21

Forensic Accounting Beginnings The term "forensic accounting" was first used in 1946 by Maurice E. Peloubet, a partner in a New York accounting firm. He wrote about the use of accounting in courtroom proceedings as part of testimony, but ac

AS - 30,31,32 The Terror Begins

Priya Agarwal 10 March 2014 at 12:42

Hedging the Risk: AS 30, 31, 32 instrumentsI have tried to summarize the topic a lot and then reached to this Short cum Lengthy Article :D. I hope it will help.This AS came into effect in respect of accounting period commencing on or after 1-04-2009

AS-26- Intangible Assets, Its Accounting Treatment And Disc

ESHA AGRAWAL 07 March 2014 at 12:35

Hello everyone, thanks for the appreciation for the first part of AS 26, now we will start the second part of our AS 26, before starting the second part attaching first of the articlehttp://www.caclubindia.com/articles/recognition-of-intangible-asset

Recognition Of AS-26 - Intangible Assets, Its Accounting Treatment

ESHA AGRAWAL 06 March 2014 at 12:59

Being a commerce professional the term Intangible Asset is so common, generally we think intangible asset is that asset which we cannot touch, feel, see etc. so according to this meaning prepaid advances is intangible assets as we cannot feel, touch