What is closing stock? Closing stock is the Inventory that a business still has on hand, at the end of a reporting period. Typica...
Showing posts with label ARTICLES. Show all posts
Showing posts with label ARTICLES. Show all posts
India’s first mortgage backed Pass Through Certificates
Event On 5th of May 2025, Ministry of Finance listed India’s first Mortgage backed Pass Through Certificates (PTC) structured by RMBS ...
Various Rates used in banking context
Lending Rate: Lending rate/ interest rate represents the amount charged by financial institutions for the money it lends as loan to bo...
Modes of creating Charge on Property
In the context of Lending by financial institution, Security refers to asset deposited/pledged by the borrower for any kind of credit f...
Listing in permissable jurisdictions
Regulatory framework Companies (Listing of Equity Shares in Permissible Jurisdictions) Rules, 2024 and related regulations issued by t...
Fixed Assets capitalization-Part 1
Following are some relevant concepts w.r.t Asset capitalisation Source lines: Source Lines basically refers to break up of an asset ...
Minimum Alternate Tax
Why was it introduced? Companies were reporting profits as per their books (financial statements) but were paying lesser taxes and in so...
Payroll processing
Payroll functions encompasses all those process involved with respect to determination, calculation, payment and settlement of employee co...
PO creation
Purchase order (PO) is a formal document, issued by purchaser to seller summarizing the details of products or services to be procured....
Invoice matching process
What is Invoice matching? Invoice matching is an Accounts payable process where details in the vendor invoices are compared with suppo...
Procure to Pay
Purchase-to-pay is a comprehensive process covering the process right from the stage of purchase decision until vendor payment. Also call...
Vendor Reconciliation
What is vendor reconciliation? It’s an accounts payable process that verifies and confirms the vendor balances at the end of the repor...
Indian Contract (Amendment) Act 2017: Farming Contracts
Introduction Indian Contract (Amendment) Bill 2017 was introduced in Rajya Sabha on 4th August 2017. The bill sought to amend Indian Cont...
Contract Act Amendment -2024
What is amended ? Section 15 of the Indian Contract Act that defines 'Coercion' stands amended. Central Government on 02nd Februa...
Walk through Key elements from FS- Part-1 P&L
Key elements from Financial statements The key elements in a Profit and Loss statement is given below: I. Revenue : Reven...
Wage limit under ESIC
What is wage ceiling The maximum earning threshold, which is also known as monthly wage ceiling limit, is what that decides the eligibi...
RBI expands scope of remittances to International Financial Services Centres
RBI, through its notification RBI/2024-25/49 dated 10th July 2024, has expanded the scope of remittances to International Financial Service...
MCA introduces Form LEAP-1 w.e.f 24th Jan 2024
About the Form: The form captures details in three sections. The descriptive information relating to those three sections are discussed bel...
Why De-dollarization?
Meaning: De-dollarization refers to reducing dependency on U.S. dollar as a reserve currency for international transactions. Even as coun...
New: Policy on E-Vehicles
Centre approves proposed e-Vehicle policy to Promote India as Manufacturing Destination for e-vehicle. Under the new policy, foreign E-vehic...