Business entities primarily function with the objective of earning profits. These profits accumulate to owners of the business and can be withdrawn by owners or distributed to them in the form of dividends in case of companies....
Read MoreTaxes are essential means of revenue generation for governments across the world. Direct taxes are levied on incomes and wealth of different entities and indirect taxes are levied on various economic transactions. While...
Read MoreIssuing share capital is one of the key fund-raising modes adopted by companies. Share capital is broadly of two types – equity share capital and preference share capital. While both equity and preference shareholders...
Read MoreOne of the fundamental accounting principles is matching concept. This principle requires that expenditures should be charged in the same accounting period in which the corresponding revenues are recognized. This principle is...
Read MoreFinancial statements drawn up from books of accounts are relevant for several stakeholders of any entity. These books of accounts are drawn up by the entity itself. However certain entities are required to get their books of...
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