Accounting of Non Trading Institutions
by Some of the organizations or institutions are constituted to provide valuable services to the society with the objective not to earn profit. These organizations normally …
Tag: Depreciation
Sales Variances
A sales variance is the monetary difference between actual and budgeted sales. It is used to analyze changes in sales levels over time. There are …
Routine Checking and Test Checking
Routine checking and Test checking are two essential audit techniques used by auditors to verify financial information, detect errors, and confirm the accuracy of financial …
Verification of Assets and Liabilities
Verification of assets and liabilities is a key responsibility in auditing, aimed at confirming the authenticity, existence, ownership, valuation, and completeness of items listed on …
Nature, Significance, Importance of Cost Audit
Cost Audit is a specialized form of auditing that focuses on the examination and verification of the cost records of an organization. It evaluates the …
Depositories Act. 1996
The Depositories Act, 1996 was enacted to provide for regulation of depositories in securities and for matters connected therewith or incidental thereto. It came into force from 20th …
Final accounts: As per latest format Prescribed under companies Act, 2013
The Companies Act, 2013 (the Act or New Act) brought in many changes which directly impact preparation of financial statements and require understanding of the …
Functioning of NSDL
NSDL performs the following functions through its participants: It maintains investors’ holdings in the electronic form. It enables the surrender and withdrawal of securities to …
Operational and financial budgeting
Budgeting is an important tool of management control, it is a form of managerial planning in order to control the future operations of business. A …
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