Accounting Basics

(1) If the stated minimum amount has not been subscribed and the sum payable on…

(1) No form of application for the purchase of any of the securities of a…

(1) Where any notice, advertisement or other official publication, or any business letter, billhead or…

No trading concern can run without capital. The divisions of share capital are: (i)                Nominal or…

Every company is required to keep at its registered office books of account. These books…

Statutory books are those which a limited company is under statutory obligation to maintain at…

A company is a voluntary and autonomous association of certain persons with capital divided into…

Generally, a balance sheet and an income statement are prepared and issued together because in…

A Balance sheet is like a “snapshot” that gives you the overall picture of the…

Income Accounts These accounts are used to track income earned during the process of operating…