15CA/CB certificate 15CA/CB certificate, The requirements for obtaining the 15CA and 15CB certificates vary based on the nature of the transaction and the guidelines set by the Indian tax authorities. Here are the general requirements for each certificate: Form 15CA Requirements: 1. PAN (Permanent Account Number): The person making the remittance (remitter) must… Read More »
Balance Sheet Equation Balance sheet equation also known as the accounting equation, is a fundamental principle of accounting that states that the assets of a business are equal to the sum of its liabilities and owners’ equity. Mathematically, it can be represent as: Assets = Liabilities + Owners’ Equity This equation is always in balance,… Read More »
Cost Audit Cost audit is a type of audit that focuses on the analysis of the cost structure of an organization. It aims to identify areas where costs can be reduced, efficiency can be increased, and profitability can be improved. This type of audit report is a detailed report that is prepared by the… Read More »