ONDC Explained: What Is ONDC and Its Future on Marg ERP?
The e-commerce landscape is continually evolving, adapting, and embracing newer technologies to ensure a seamless shopping experience for consumers. The rise of ONDC (Open...
Understanding Liquidity Ratio: Importance, Calculation, and Interpretation
Liquidity Ratio: Understanding and Importance
Liquidity ratio is an important financial metric used by businesses to assess their ability to meet short-term obligations. It helps...
Understanding the Difference Between TDS and TCS in India
Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are two important terms used in the taxation system of India. Both are...
Understanding AS 21: A Guide to the Preparation of Consolidated Financial Statements
Consolidated financial statements are an essential part of financial reporting for companies with subsidiaries. These statements combine the financial results of the parent company...
ROC Compliance: Navigating Regulatory Requirements for Your Company’s Success
Introduction of ROC Compliance
Running a successful business involves more than just focusing on core operations and profitability. Compliance with legal and regulatory requirements is...
Understanding GST on Food Items: Impact on the Common Man
The Goods and Services Tax (GST) is a unified tax system that replaced many indirect taxes in India. It is a comprehensive tax that...
Managing Cash Transactions: Understanding the Importance of Cash Book in Business Accounting
INTRODUCTION
A cash book is a financial ledger that records all the transactions involving cash inflow and outflow in a business. It is an essential...
HSN Code for Services: Understanding its Importance and Application
The Harmonized System of Nomenclature, or HSN, is a standardized system used to classify goods and services for international trade. The HSN code for...
The Importance of Scalar Chain in Management: Ensuring Efficient Communication and Workflow
Introduction
In the realm of management, effective communication and streamlined workflow are crucial for the success of any organization. One of the fundamental principles that...
Money at Call and Short Notice: A Flexible Financing Option for Businesses and Individuals
INTRODUCTION
Money at call and short notice (MAC&SN) is a financial term that refers to a type of loan or credit facility that is typically...