Accounting Training

Blog

Archive


2014

Gold Economy

If for one year there are no gold imports, it will change the current account deficit story of the country. Indians think they are buying gold in rupees. Actually they are buying gold in dollars.
- Finance Minister P. Chidambaram.

  • The Finance Minister of any country aims to have positive current account balance.
  • However, in India Gold has remained one of the chief contributors to current account deficit.
  • India imports three things mainly
    • Crude Oil
    • Cooking Oil
    • Gold

2014
  • As you are aware that provisions of Corporate Social Responsibility as per Companies Act, 2013 has been made mandatory.
  • It is also to be noted that Sec. 135 of the Companies Act, 2013, Schedule VII to the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014 shall come into force w.e.f. 01.04.2014.
2014
 

I say no to alcohol, it just doesn’t listen.


A friend in need is a pest indeed.


Marriage is one of the chief causes of divorce.


2014

Know Your Budget

  • The Constitution of India refers budget as the Annual Financial Statement.
  • In other terms the word “budget” has no where been used in the constitution.
  • The Budget is a statement of estimated receipts and expenditure of the Government of India in a financial year which begins on 1st April and ends on 31st March.

2014

This is what Bhagwan Shri Krishna wants to tell in Geeta Updesh:


Hey Parth,


Increment nahin mila, bura hua …
Salary cut ho raha hai, bura ho raha hai …
Retrenchment hoga, woh bhi bura hi hoga …

2014
 

It’s not the fall that kills you. It’s the sudden stop at the end.


I couldn’t repair your brakes, so I made your horn louder.


Hot glass looks same as cold glass. – Cunino’s Law of Burnt Fingers.


Financial Management