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CA Foundation Law - Indian Contract Act 1872 Video Lectures CA Foundation Law  Mercantile law-Indian Contract Act 1872   What is Mercantile Law?   Mercantile law means the laws which regulate trade and commerce. These laws are an integral part of social life.   Indian Mercantile Laws is an outcome of British law. It is further classified into contract act, sale goods act, and Indian partnership act   What is a Contract? ” The Indian Contract Act deals with the enforcement of rights and duties on the contracting parties. ”   Contract means an agreement between any two persons. The Indian Contract Act deals with the enforcement of rights and duties on the contracting parties.   Extent and Applicability-  Law related to contracts in India is contained in the Indian Contract Act 1872, which was passed by British India and is based on the Principles of English common law.   The contract requires the following points-   1.  Two Parties- There must be at least two parties to constitute a cont

Indian Accounting Standard (IndAS) Indian Accounting Standard- Accounting Paper 1 of  CA Foundation Online Classes We are going to discuss  Indian Accounting Standard , in accordance with   Accounting Paper 1 of CA Foundation ,  ICAI's  latest syllabus. What is the Indian Accounting Standards? Indian Accounting Standard  (IndAS) is the  International Financial Reporting Standard  ( IFRS ) converged standard issues by the Central Government of India under the supervision and control of  Accounting Standard Board (ASB)  of ICAI and in consultation with National Advisory Committee on Accounting Standard. The  IndAS  are named and numbered in the same way as the corresponding Indian Accounting Standard. Browse the full video to get a detailed understanding of Indian Accounting Standards. Takshila Learning  provides  CA Foundation Video Lectures , which have been specifically designed by experts. The  CA Foundation Online Classes  and  CA foundation Pendrive  classes  can be accessed nu

Business correspondence  implies the trading of data in a composed arrangement for the smooth running of business operations. Business correspondence can occur between associations, inside associations, or between the clients and the association. The correspondence alludes to the composed correspondence between people. Consequently, oral correspondence or face to face correspondence isn’t business correspondence. Written forms of communications are said to be correspondence. Individuals identified with a business communicate through business correspondence.  One can question in cases of any uncertainty or vulnerability through business correspondence. A money manager maintains a record of personal and business financial operations, generates expenditure reports, overviews the daily, weekly, and monthly financial data for a business organization. A correspondence between two associations or inside an association goes under this classification. A letter to a provider, complaint letters,