Business & Other News

Long-term loans and advances are a critical item on the balance sheet that requires meticulous audit procedures to ensure proper...

Introduction Non-current investments, also known as long-term investments, are those investments that a company intends to hold for more than...

Intangible assets under development refer to projects or assets in progress that lack a physical form but are expected to...

Before proceeding against a Chartered Accountant, the investigator shall ascertain as to whether the person being proceeded against is a...

Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of October 2024.

Capital Work-in-Progress (CWIP) refers to assets that are under construction or development and are not yet ready for use. These...

Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of September 2024.

Intangible assets represent non-physical assets that have value due to the rights, privileges, and competitive advantages they provide to a...

Property, Plant, and Equipment (PPE) are tangible assets that are held for use in the production or supply of goods...

Short-term provisions represent obligations that a company expects to settle within its operating cycle or one year, whichever is longer.

Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of August 2024.

To provide comprehensive directions for conducting a statutory audit of "Other Current Liabilities" in an Indian company, ensuring compliance with...

Trade payables are amounts a company owes to its suppliers for goods or services purchased on credit. They represent a...

Short-term borrowings are a crucial component of a company's balance sheet, representing obligations that are due within a year. These...

These provisions can include obligations such as employee benefits, warranties, legal claims, and environmental liabilities.