This post deals with the manner to calculate partners remuneration in a partnership firm in line with Partnership Act, Income Tax Act and Judicial Precedents
How to Calculate Partners Remuneration in a Partnership Firm? (Updated 2025) Read More »
Spread the love Introduction Accounting Standards (AS) plays a vital role in ensuring comparability, consistency and transparency in preparation and presentation of Financial Statements. Accounting Standards applicable to companies have
Applicability of Accounting Standards to Non-Corporate Entities Read More »
Download a professionally drafted Notes to Accounts template for Level IV non-corporate entities including firms, trusts, and societies. Fully compliant with ICAI’s Guidance Note on financial statements of non-company entities
Free Download: Model Notes to Accounts for Level IV Non-Corporate Entities Read More »
Spread the love Remuneration to partners often becomes a costly compliance nightmare for firms that overlook critical regulatory details. Unfortunately, many businesses continue to follow outdated practices, risking significant penalties
Partner Remuneration: Rules Most Firms Miss [2025 Update] Read More »
A comprehensive comparison of Ind-AS vs AS discussing the major differences, pros and cons and what is a better alternative.
Ind-AS vs AS (Ind GAAP) : Which is better? – A Comprehensive Comparison Read More »
In this blog we discuss the provisions of Accounting Standard 4 (AS 4), Events occurring after balance sheet date along with examples and provisions.
The essential elements of financial statements are discussed in this blog post to give a basic idea of a financial statement
Understanding the Essential Elements of Financial Statements: A Concise Overview Read More »
In this blog we try to explain the provisions of Accounting Standard 3 (AS 3), Cash Flow Statement along with examples and provisions.
Decoding Accounting Standard 3 (AS3) – Cash Flow Statements Read More »
Spread the love Introduction Accounting Standard 2 (AS 2) provides comprehensive guidelines on the valuation of inventories, ensuring that financial statements reflect a true and fair view of an enterprise’s
Decoding Accounting Standard 2 (AS 2) – Valuation of Inventories Read More »
Spread the love Introduction Accounting Standard 1 (AS 1) deals with the disclosure of significant accounting policies followed in preparing and presenting financial statements. The objective is to ensure that
Decoding Accounting Standard 1 (AS 1) – Disclosure of Accounting Policies Read More »
