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RBI bars prepayment penalty on floating rate micro, small business loans
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What is prepayment penalty? Prepayment penalty also known as foreclosure charges is a levy on the borrower, charged to compensate lendi...
Quality Review Board. What is it?
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What is Quality review Board? QRB is a statutory body established by the Central Government under Section 28A of the Chartered Accountan...
Amendment to Ind AS 21 in 2025
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What is the amendment in Ind AS 21 all about? On 07th May 2025, MCA issued notification amending Companies (Indian Accounting Standard...
Cost Inflation Index for the financial year 2024-25 notified
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Whats the news? CBDT has notified the Cost Inflation Index (CII) for financial year 2024-25 as 363 via Notification No. 44/2024 dated 2...
Dabur Hajmola faces GST notice
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Whats the news? Dabur Hajmola faces GST show cause notice over the dispute on whether the product is candy or ayurvedic medicine. Wh...
Positive working capital and Negative working capital
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Positive working capital When the company's Current assets are more than current liabilities, it is said to have a positive working c...
What you mean by closing stock?
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What is closing stock? Closing stock is the Inventory that a business still has on hand, at the end of a reporting period. Typical...
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