Accounting | Rajput Jain & Associates

Books of Accounts & Financial Statements of Company

Books of Accounts & Financial Statements Every company should prepare and keep its books of accounts and financial statement at the end of every financial year which give a true and fair view of the state of the affairs of the corporation and explains each transaction. The accounts should be maintained on accrual basis and …

Accounting

Elements & sign of Financial Statements of company

Elements & sign of Financial Statements of company What is Financial Statement? Financial elements of a financial statement are broadly classified into five categories. These are grouped according to the monetary characteristics they possess. As per Section 2 (40) of the companies Act 2013 states that the financial statement includes the below: Profit and loss …

Accounting

Highlight on use of digital signature

HIGHLIGHT ON USE OF DIGITAL SIGNATURE The government of India has in the recent past launched its dream initiative of ‘Digital India’ which promises to integrate the government departments and the people of India ensuring that the government services are made available to citizens electronically and thereby increasing the work efficiency and reducing the paperwork. Use …

Accounting

Approval of Negotiable Instruments (Amendment) Bill

I Approval to introduce the Negotiable Instruments (Amendment) Bill, 2015 in Parliament The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal to introduce the Negotiable Instruments (Amendment) Bill, 2015 in Parliament. The amendments are focused on clarifying jurisdiction related issues for filing cases of the offence committed under Section …

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