Knowledge Base

Mergers and Acquisitions

Mergers and acquisitions (M&A) and other restructurings have existed since businesses started. Mergers happen when similar sized companies or businesses combine with each other. Acquisitions happen

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GST in India

The Goods and Services Tax (GST) in India is considered as one of the biggest reforms in indirect taxation. It has been made effective pan India from 01st July, 2017, and is based on the principle

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Payroll Processing

Payroll is an integral part of any company or business. A payroll is nothing but an account of all those employees of a company that are eligible to get paid or compensated for their efforts or ser

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The Accounting Cycle

Accounting is a system meant for measuring business activities, processing of information into reports and making the findings available to decision-makers. The documents, which communicate these f

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Introduction to Inventory

An inventory is defined as an itemized list of tangible goods or attributes an organization has at any given point of time. It is a current asset and includes tangible personal pro

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IT Systems Audit

The dictionary defines a ‘system’ as a set of things, principles, or procedures working cohesively to achieve a common objective. As far as an organization is concerned, there are many

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History of Taxation in India

The word ‘tax’ is derived from the Latin word taxare or taxo. It means ‘to assess the worth of something’. Taxes are imposed by government for the use and service of the S

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