Accounting Standards are essential in ensuring consistency, transparency, and comparability in financial reporting. One such important standard is AS-5, which deals with the Net Profit or Loss for the Period, Prior Period Items, and Changes in Accounting Policies. Issued by the Institute of Chartered Accountants of India (ICAI), AS-5 plays a key ro

Starting a business is an exciting journey, but before you can begin operations, it’s essential to establish a legal structure that protects your personal assets and positions your company for growth. One of the most popular business structures, especially for small and medium enterprises (SMEs), is the Private Limited Company (Pvt Ltd). Register