11 Digit New Registration Number for CMA | CWA | ICWA Students

Reporter: Pijush Roy Comments
The Institute of Cost Accountants of India (CMA) has been updated old alpha numeric (like ERS/001***) Registration Number to 11 Digit Numeric Registration Number. This conversion applicable only for students who are pursuing courses, not for the students who are already qualified.

To check 11 Digit New Registration number, students must know and enter old alpha numeric Registration Number (like ERS/******).

To check 11 digit New Registration Number, please visit under mentioned link..
UPDATE :- This link is not working properly. Please ignore this link.

Non-Operating Expense meaning

Reporter: Pijush Roy Comments
Non-Operating expenses are those expenses which are not occurred from normal business activities. Every business has own specific business activities. Non-operating expenses are not part of company main operation. Most common non-operating expense is interest, borrowing charge, exchange difference, abnormal cost, non-recurring onetime expense etc. All expenses which are not related to his operation will be his non-operating expenses.

Operating Expense meaning and list of example

Reporter: Pijush Roy Comments
Operating expenses are those expenses which are incurred in normal business activities or core business operation on daily basis but not directly associated with the production. Operating expense starts after the stage of Cost of goods Sold (COGS) and end before the non-operating expense in the Income Statement. It is cost of running a product, business or system. Operating Expenses also known as Operating Expenditure, Operation Expense, Operational Expenditure, OPEX.

Operating Revenue - Meaning

Reporter: Pijush Roy Comments
According to source of Revenue, it is divided into two categories i.e. Operating revenue and Non-operating revenue.

Operating Revenue:-

Operating revenue denotes the revenue which earned from normal and regular business activities of organization. Operating revenue is sales after adjusted
sales return and other discount. Other forms of income such as interest on investment or sale of assets are income but not consider in the calculation of
operation revenue. Operating revenue in balance sheet reflects only ordinary revenue generate from the regular business operation.

Cost of Goods Sold (COGS) - Meaning and Calculation Format

Reporter: Pijush Roy Comments
Cost of Goods Sold (COGS) refers to the cost to a business of making product or service. COGS differ from one industry to another. COGS appear on the
income statement and can be deducted from revenue to calculate a company's gross margin. The cost of goods sold includes net direct inventory cost and
labour expense, factory overhead, office and administration overhead but does not includes indirect cost related to selling and distribution overhead.

For manufacturing industry, COGS refers to buying of raw material & expense for manufacturing finished goods. For retailers, it is the cost of
obtaining or buying the products sold to customer. If the company is in a service industry, COGS is the cost of the service it offers.

meaning, calculation and significance of Weighted Average Cost of Capital (WACC) or Overall Cost of Capital

Reporter: Pijush Roy Comments
WACC denotes the Weighted Average Cost of Capital. It is also known as Overall Cost of Capital. As the name suggest, it is computed by reference to the proportion of each element of capital as weights. WACC is the expected average future cost of finance over the long run of firm.

 Weighted Cost of Capital of Overall Cost of Capital represented symbolically by Ko

 WACC = Sum of (Cost of each Capital Element × Proportion or percentage or weight of Capital)

The calculation of Weighted Average Cost of Capital or Overall Cost of Capital involves the following steps:-

  • Determine the cost of each source of capital separately i.e. Cost of Equity Capital, Cost of Debt, Cost of Preference Capital, Cost of Retained Earning, Cost of Loan, Cost of any other finance. 
  • Determine the weight of each source of capital. 
  • Multiplying the cost of each of the source by appropriate weights. and 
  • Dividing the total weighted cost by total weight.

Use & Print Corpany Logo in Tally 9.erp

Reporter: Pijush Roy Comments
Tally 9.erp (release 3 & all upper version) allow to use and print COMPANY LOGO or CORPORATE LOGO in some selected documents.

Corporate Logo symbolizes any company & creates separate identity from others. Sometimes common people forget company name but remember their logo. Logo is easily identifiable for its design, color and different from others. So it's use as a BRAND for a company.

Tally 9.erp insert this grate feature to use important company document (mainly which is used for external purpose) i.e. Sales Invoice, Delivery Notes or Challan, Debit Notes, Credit Notes, Outstanding or Receivables, Reminder Letter, Pay Slip, Purchase Order

Step 1 
  • Logo (picture) format must be BMP or JPEG
  • Logo size = 96 (width) *  80 (height) pixel

Cash Credit facility-Definition,Characteristic,Purpose

Reporter: Pijush Roy Comments
Definition of Cash Credit facility
There are many ways to raise finance; Cash Credit is one of the many ways of raising finance. Cash Credit makes a provision by lender (mainly bank or financial institute) for loan (also called advance, finance, credit etc) by depositing the sanctioned amount of the loan into new account from which borrower (business organization) can withdraw as per requirement within permissible amount fixed by lender for specific time or period.

Example: - say, ABC Ltd needs ` 1,15,000 for payment to supplier of raw materials. Bank permits `1,00,000 per day as cash credit limit for this period. In this situation ABC Ltd can withdraw only `1,00,000. Interest also calculated on ` 1,00,000 on daily basic, not on ` 1,15,000.

Configuration of Tally F11 Accounting Features

Reporter: Pijush Roy Comments
Configuration of the "Accounting Features" under "Tally F11 - Company Features".

Open Tally software - Gateway of Tally

What is Tax Deduction at Sources (TDS)?

Reporter: Pijush Roy Comments
What is Tax Deduction at Sources (TDS) or Definition of TDS:-

Tax on income of previous year is usually made on the assessment year. To avoid tax evasion, the Income Tax Act has made provision to collect tax by way of Tax Deduction at Source (TDS) and Tax Collection at Source (TCS).

Tax deducted at source is one of the modes of collecting Income-tax from the assessee in India. TDS is an indirect method of collecting tax from the tax payer/deductor by the income tax department through tax payer. TDS is pre-paid payment of tax in previous year in which incomes receive/accrued. The tax so deducted from the income of the payee is deemed to be payment of Income-tax by the recipient at the time of his assessment. Such amount of tax i.e. TDS will be deducted from Tax Liability at the time of assessment in the assessment year. TDS is final tax payable, when payee fill return, the payee pays the balance if under TDS payment in the previous year or asks for refund if over TDS payment in the previous year. Income & payment of tax both occur in the previous year. Payee is liable to pay tax on income in previous year on previous year income. Under the scheme of TDS, person (payer) is responsible for making payment of income are liable to deduct tax at source at a specified rate from the income (if such income cover under TDS provision issue by Income Tax Act) as per relevant provision of the act and balance income is either to be credited in the account of payee or is handed over. The amount so deducted is to be deposited to the Central Governments’ treasury (either deposited to bank through Challan-281 or make a book transfer without use of challan) within the stipulated time in the name of payee.

For example: -

When any employee is received salary from employer, employer is liable to deduct tax at source before payment (if employee income for this previous year is taxable).

Pijush Roy, Founder & Author of "Share Your Knowledge", is a young freelance blogger, a reader, a painter, .....read more