Public provident fund, which is popularly known as PPF, is a secured long term investment option backed by government of India. PPF scheme is opted as a long term tax saving investment option by many salary and self employed individuals in India. With it's attractive low risk interest rate and tax exemption benefits, investment in a public provident fund or PPF account is … [Read more...] about Tax benefits on Public Provident Fund or PPF Investments
What is Accounting Cycle
The accounting cycle is a series of steps by which the company initially identifies, analyzes, records information for every accounting event and convert it to financial statements. The steps of the accounting cycle begin when a financial transaction occurs and ends when you prepare financial statements. Here are all most all the steps that a company follow in it's accounting … [Read more...] about What is Accounting Cycle
What is Annual Report – Difference between quarterly report and annual report
Annual Report is a comprehensive report prepared by an organization to showcase their yearly performance to shareholders or stakeholders. The objective of an annual report is to satisfy the needs of existing and possible future shareholders by providing financial and other information about a company. The annual report is an important document containing the … [Read more...] about What is Annual Report – Difference between quarterly report and annual report