Did You Know ?

What is Backorder Cost

Backorder Cost is a Cost which is incurred by a business when it is unable to fill an order and must complete it later. It is a real and perceived… Read More

What is Escalation & De-Escalation Clause?

An Escalation clause (also known as Escalator Clause) is a clause in a contract that guarantees a change in the agreement price once a particular factor beyond control of either party affecting… Read More

What is Sunk Cost

Sunk Cost is also known as ‘Past or Retrospective, embedded cost, prior year cost, or sunk capital’. Sunk costs are costs which cannot be recovered once they have been incurred. Since they are costs… Read More

Paper Money or Tissue Paper

 This article on Paper Money or Tissue Paper has been compiled by CA Prashant Singh.  ---------------------------------------------------------------------------------------------------------------------------------------------------------- What if the currency you hold is just a colored paper with numbers? Does… Read More

Cash Flow Statement – Direct & Indirect Method

Cash Flow Statement also known as Statement of Cash Flows is a statement which shows the Changes in the Cash Position of an organisation between 2 periods. Along with showing… Read More

Funds Flow Statement: Meaning & How to Prepare

Funds Flow Statement is a statement prepared to analyse the reasons for changes in the Financial Position of a Company between 2 Balance Sheets. It shows the inflow and outflow… Read More

SOX – Sarbanes Oxley Act

Sarbanes Oxley Act is also known as ‘Public Company Accounting Reform and Investor Protection Act', 'Corporate and Auditing Accountability and Responsibility Act', SOX & SARBOX. The possible questions that strike… Read More

E-Filing Balance Sheets in XBRL Format with MCA

XBRL (Extensible Business Reporting Language) is another advanced reporting language of the XML family. XBRL ensures that the figures reported to government authorities and other organisation does not remain dormant… Read More

MCA-21

MCA 21 – Services Available and Benefits

With the opening of the economy towards globalisation, our corporate world requires world-class governance system. The essence of corporate world lies in promoting compliance of the law in letter and… Read More

DIN

Director Identification Number (DIN No.)

The concept of a Director Identification Number (DIN) was introduced for the first time in India with the insertion of Section 266A to 266G of Companies Amendment Act, 2006. The… Read More

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