Market Value
The market value of an asset or security is the current price at which the asset or the security is being sold or bought in the market. MV per share is expected to be higher than the book value per…
TDS on cash withdrawal u/s 194N
A bank, co-operative bank or a post office, who is responsible for paying any sum in cash to an account holder is required to deduct TDS on cash withdrawal u/s 194N. 1. What is section 194N TDS on cash withdrawal…
Debt to equity ratio
Debt to equity ratio compares debt with equity. It describes lenders’ contribution for each rupee of owners’ contribution. It is most common leverage ratio used in practice. Debt may include only long-term debt or total debt including both short-term debt…
Sec.194R of income tax act
Sec. 194R of income tax act has been inserted with effect from July 1, 2022. According to sec.194R of income tax act any person responsible for providing any perquisite or benefit pertaining to business/profession carried on by deductee, is responsible…
Matching Concept
According to the matching concept all expenses matched with the revenue of that period should only be taken into consideration. What is Matching Concept? If the financial statements of the organization if any revenue is recognized then expenses related to…
Dual aspect concept
Dual aspect concept is the core of double entry book-keeping. Every transaction or event has two aspects. i.e. Alternatively Example of dual aspect concept BALANCE SHEET Liabilities ₹ Assets ₹ Capital 2,50,000 Land 2,00,000 Bank Loan 75,000 Machinery 1,00,000 Other…
Periodicity concept
Periodicity concept is also called the concept of definite accounting period. As per going concern’ concept an indefinite life of the entity is assumed. For a business entity it causes inconvenience to measure performance achieved by the entity in the…
Realization Concept
Realization concept closely follows the cost concept. Any change in value of an asset is to be recorded only when the business realizes it. What is realization concept ? Realization concept closely follows the cost concept. Any change in value…
Money measurement concept
According to the money measurement concept , only those transactions, which can be measured in terms of money are recorded. What is money measurement concept? Since money is the medium of exchange and the standard of economic value. And the…
Polycab India Share Price
Polycab India Share Price plumed 9% on Tuesday to hit a day low of ₹4,867.10. Shares of polycab fell sharply in Tuesday trade amid reports of tax evasion. Today polycab India share price opened at ₹4,995.95. The share price jump…