Category: Meaning & Definition

The Hindu Marriage Act 1955 – Introduction, Definition, Purpose, Applicability

The Hindu Marriage Act 1955 : Earlier we’ve provided the list of sections in The Hindu Marriage Act 1955. Today in this article, we are providing the Introduction, Definition, Purpose, Applicability of The Hindu Marriage Act 1955. This act was intended to secure the rights of marriage for the bride and groom who are Hindu and are bound under […]

What is Tax ? – Basic Concepts of Indian Income Tax Explained

What is Tax ? If you are looking for Meaning or Definition of Tax and Basic concept of Indian Tax system, then you are at right place. Here we’ve provided the Meaning / Definition of Tax, Basic Concepts of Indian Income Tax, Types of Tax, Why are Taxes Levied and details of who have Power to levy taxes. What […]

Auditing – Meaning, Definition, Types, Objectives, History

What is Auditing ? Most authoritative definition on auditing is “An audit is an independent examination of financial information of any entity, whether profits oriented or not, and irrespective of its size or legal form, when such an examination is conducted with a view to express an opinion thereon. (These matches with the famous definition […]

Accounting – Meaning, Definition, Types, Objectives, History

What is Accounting ? Accounting is the process of systematically recording, measuring, and communicating information about financial transactions. It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm’s assets, liabilities and owners’ equity. […]