Accounting Ratios
What is an Accounting Ratios? As stated before, Accounting ratios are a pivotal tool of financial statements analysis. Accounting ratios are the fine number calculated as a reference to the …
Accountancy
Bank Correspondence
The bank is a Financial Institution. The bank is one of the important aids to trade. The bank plays an important role in the economic development of the country by …
Dissolution of Partnership Firm
Dissolution of Partnership Firm, In such a situation, while the prevailing partnership is dissolved, the firm may continue under an equivalent name if the partners so decide. In other words, …
Accounts from Incomplete Records
Accounting records, which aren’t strictly kept consistent with the double-entry bookkeeping system are referred to as Accounts from incomplete records. Many authors describe it as a single entry system. However, …
Admission of a Partner
Admission of a Partner means when a new partner could also be admitted when the firm needs additional capital or managerial help. According to the provisions of the Partnership Act …
Partnership Account
Partnership Account, As the business expands, one needs more capital and a bigger number of individuals to manage the business and share its risks. when two or more persons close …
Issue and Redemption of Debentures
issue and Redemption of debentures- A company raises its capital using an issue of shares. But the funds raised by the difficulty of shares are seldom capable meet the future …
Documents to Formation of a Company
At the time of Incorporation of a company, the following documents of Formation of a Company have to be submitted to the Registrar of Companies : I) Memorandum of Association …
Formation of a company
A company is an artificial legal person i.e. it is a creation of law. It comes into existence when it is registered by following the procedures laid down by the …
Types of Companies in Accounting
There are five types of companies in accounting and each one have different categories. Now we explain all separately as under the following: 1. On the basis of incorporation a) …