Every sale starts with a promise to provide the right product to the right price and time. That promise is fulfilled through Sales Order Processing. It links together the sales,…
The Accounts Payable Turnover Ratio is one of the most useful financial indicators for Indian businesses. It reveals the speed of payment of a company to its suppliers in a…
Life insurance earnings are often regarded as tax free by the policyholder. However this is not always true. The section 194da of Income tax act deals with Tax Deducted at…
The GST withdrawal rule 14A is one of the serious compliance checkpoints in 2026. Recent amendments have been brought in for handling the withdrawal of applications by authorities in GST…
Corporate profits do not always go straight to dividends or spending on expansion. This is where general reserve accounting plays an important part. A part is often kept within the…
The introduction of Sec 194R of Income Tax Act has brought a change in the way that businesses deal with marketing incentives and promotional schemes in India. This provision is…
Accurate recording of assets in accounting is very important for any business in India. Assets represent resources owned by a business which are used to create an economic benefit in…
Rarely is a growing business group conducted through just one entity. Indian promoters tend to have a holding company with several subsidiaries for manufacturing, trading, real estate or services. Separate…
Financial statements must be accurate in reflecting the attitude of true performance. The realization concept in accounting states that revenue is only worth recording when it is actually earned and…
Credit sales are prevalent in the Indian trading, manufacturing and services sectors. This is where the Debtors Turnover Ratio comes in useful. However, late collections have the potential to disrupt…
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