What are the Three Golden Rules of Accounting? Golden rules are used to prepare an accurate journal entry which forms the very basis of accounting and act as a cornerstone for all bookkeeping. This is also known as the traditional rules of accounting or the rules of debit and credit. Easy Interpretation of 3 golden rules of accounting Real Account If the item (real […]
LIST OF GOODS AND SERVICES NOTIFIED UNDER REVERSE CHARGE MECHANISM (RCM)
(Updated as on 30th September 2019) Government has notified Goods and Services which are subject to GST under Reverse Charge. (I) GOODS Following are Supply of goods under RCM as per section 9(3) of CGST Act are: S. No. Tariff item, sub-heading, heading or Chapter Description of supply of Goods Supplier of goods Recipient of […]
Panappayattu: A North Malabar Financial Model
What is Panappayttu? Panapayattu is a network of money exchange which can be seen in some parts of Calicut and Kannur district of North Malabar. “Panappayattu is a unique network system of exchange of money in which the financial needs of a person is met by a group of people on the basis of a […]