CAclubindia Articles

Acounting for Cenvat

Venkatanarayana GM 12 October 2012 at 12:07

Introduction: Accounting under service tax is one of the important aspects for the assesses in the organization . In this article we would like to highlight some important basic accounting entries with regard to service tax. So that, the organi

Treatment of Proposed Dividend under Revised Schedule VI

MOHAMMAD SALIM 12 October 2012 at 12:07

A) INTRODUCTION Revised Schedule-VI has been promulgated by Ministry of Corporate Affairs, Government of India vide Notification No S.O. 447(E) dated 28th February,2011. In said notification reference has been made to the Accounting Standards noti

Education System

jhony 12 October 2012 at 12:07

Education is a vital thing for every individual. India is the land where educationists like Swami Vivekananda was bornbut why people today are facing problems in getting quality jobs, maintaining quality living and always searching for bette

Taxation Entries

Member (Account Deleted) 11 October 2012 at 13:06

The actual taxation entries are most important things as they clears the Balance sheet picture and gives real result. Before going to understand the taxation entries, we should clear the various heads relating to Income Tax. [1] Provision for In

The Banking Regulation Act 1949

*RENU SINGH * 10 October 2012 at 11:28

Introduction The banking regulation act 1949 extends to whole of India. Other acts are used as auxilliary to this act e.g. Companies Act 1956( defining company) , negotiable instrument act defining public holiday).

Revised Schedule VI Head Wise Classification Concepts

MOHAMMAD SALIM 10 October 2012 at 11:28

As we know the Revised Schedule VI has introduced a concept of classified balance sheet. Para 1 and 3 of General Instructions for preparation of Balance Sheet defines current assets / non-current assets and curre

Finalization of Balance Sheet (Part - II)

SANYAM ARORA 10 October 2012 at 11:27

Greetings of the Day to all the members of CCI Family. So as promised I am back with the Part 2 of my series i.e. Finalization of Balance Sheet. The link for my previous Article is given below - Finalization

Accounting Treatment of Forward Cover in Different scenario

Nirmal Shah 09 October 2012 at 11:25

In global scenario, import and export transactions are commonly used by every industry and these transactions are increasing day by day. In last couple of years, rupee and dollar exchange prices movement are drastically changed and due to

Note on Sale of Shares held by promoters through the secondary market

Ajay Mishra 09 October 2012 at 11:14

INTRODUCTION The Rule 19(2) and Rule 19A of the Securities Contracts (Regulation) Rules, 1957 deal with the maintaining minimum public shareholding of 25%. The Ministry of Fin

Sow a thought

Rahul Jain 09 October 2012 at 11:05

In any field Business/practice or even in personal life Our Commitment and Honesty matters a lot in our success. I had a instance few days back....Few days backwe I was travelling to Shilma with my friends.... while we boarded at Shimla my friends