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What is the Difference between a Credit and Credit balance

>> August 22, 2014

Sometime a credit and credit balance may be confusing like doubt of a debit and debit balance. So, to go to learn the difference between a credit and credit balance is necessary. With this, you can also apply to know the difference between a debit and debit balance.
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Responsibility of Joint Auditors (AAS 12)

As per AAS 12, the responsibility of joint auditor has mentioned and on the basis of this standard, joint auditors should become the responsible of their duty.
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Represent by Management (AAS 11)

>> August 21, 2014

As per AAS 11, auditor can use representation by management for audit evidence during the audit work. But it is clear, representation by management is not substitute of other audit evidence.
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How to Make Money from Wiki

>> August 20, 2014

Main source of making money with a wiki is advertising. If you see famous wiki site like wikihow.com and wikia.com, you will see these websites are making money through google adsense.  When they are making money from wiki site, you can also make.
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How to Refund Income Tax

>> August 17, 2014

As per Income tax law of India 1961, section 237, “To refund of income tax is the right of assessee, if he paid income tax more than actual payable amount.”
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10 Ways to Self Motivate

>> August 15, 2014

Every human being on this earth wants to grow. He or she wants to see the progress in their learning, mind development, earning and status. Measurement of success may be different. For example, parent wants to become successful as parent. So, for getting all type of success, we need to learn self-motivation. Here is the list of 10 ways of self-motivation. 
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Using the Work of Another Auditor (AAS 10)

>> August 14, 2014

In AAS - 10, It is written in clear words, " The auditor who is appointed for auditing is responsible for audit work. He does not transfer his responsibility on other auditor by using the work of another auditor.
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Using the Work of an Expert in Auditing ( AAS 9)

>> August 12, 2014

All the Indian auditing and assurance standards are taken from International Standards of Auditing. So, almost title are same. Only section has changed. Same standard in IAS is 620. So, you can read same standard in IAS 620 or SA 620 of Australia.
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What is Debit Balance

>> August 11, 2014

In your organisation, debit balance is the balance of the each account which will show debit side at the close of account. If debit side is more than credit side, it will surely have debit balance. If you have bank account. If your bank shows your account's credit balance, still it will show your bank's debit balance.
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How to Claim Unclaimed Money in India

To claim unclaimed money is very necessary because if you will not claim in the proper time, it will deposit the treasure of Govt. account. So, best is to identify yours unclaimed money and then claim for this. In unclaimed money, we can include unclaimed cash, saving account bank balance, fixed deposits, dividend balance, shares bonds, unclaimed lockers and other properties.
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Buy or Make decision

>> August 10, 2014

Whether you need a small or large quantity of product, you have to take one decision out of two options. Either you can buy or you can make the product. Your decision may be perfect if you have deep knowledge of cost accounting because whether you have to buy or make, you have to pay its cost. So, you will take any decision which keep your cost minimum.
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Types of Fixed Cost

>> August 9, 2014

To know fixed cost is very important because it is helpful for taking best decision of cost accounting. When we do business in divisions, branches and departments, we are interested to know to grow our overall profitability. We also take decisions whether we should leave lose making branch or department or not.
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How to Progress Invoicing in Quickbooks

>> August 7, 2014

In Quickbooks accounting software, there is a very good and advance option for creating invoice of company's sales which is not in other accounting software like Tally.ERP 9. So, we should understand it and use it in our practical work. Its name is progress invoice. First of all understand what is the meaning of progress invoicing.
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How to Combine Financial Statements for Multiple Companies

>> August 4, 2014

Today most of companies are doing more than one business with different names and brand. So, every business of company will have own identity. For recording its all transactions, separate accountants are appointed. When all accounting records are completed, it is necessary to analysis combine financial statements of multiple companies. It will help to analyze overall financial position and financial performance.
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Cremation Expenses

>> August 1, 2014

In personal expenses, one of major expenses which we forget because we all think, we or our family is immortal But truth is, we all are mortal. We have to die surely if we have taken the birth. So, instead of managing money immediately for this purpose, you should reserve this fund in advance in your saving account or in cash.
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Tribute to My Mother

4 Days ago (27/07/2014) at Morning 2 :15 a.m. , God has taken my mother's soul to Heaven where there is no pain, no sadness and no suffering. Due to this, her body had expired and we gave her body to holy fire during cremation process in same day 12 :00 a.m. and yesterday was the 4th day of her death and all the relatives and our friends gave their tribute by spiritual gathering.
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How to Check Status of Credit Card HDFC

>> July 24, 2014

If you have the credit card of HDFC, it is sure, you have paid some bills online through using same card. There are lots of online website which provides you the facility of autopay your bills at the end of the month of your payment circle without informing you. So, it is very necessary to check status of credit card of your HDFC bank account for stopping any misuse of your credit card by service providing company.
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How to Calculate Commission on Sales

>> July 21, 2014

If you are salesman or you have hired salesmen, you need to calculate the commission on sales. It is the earning of salesman but it is the expense of company who hires the salesmen. Following are steps of the calculation of commission on Sales.
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10 Benefits of Never Give Up

In my life, there were so many times when I tired and gave up courage. After research, I found, I was wrong. Now, I am trying to become so positive by following great quote "Never Give Up." There are lots of benefits of never give up which I am writing in following list.
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Net Earnings

>> July 18, 2014

Net earnings are the net incomes which get after deducting all operating expense, interest and dividend  from net sales. Actually, if are just providing service and there is no expense, then whole earning will be net earnings. But it is impossible because for doing business, we have to pay operating, administrative and financial expenses. So, we deduct all these expenses from sales and we get net earning or net profit.
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