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 …
Accountancy
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) …
Sourcing of Accounting Software
The sourcing of Accounting software is an integral part of the computerised accounting system. An important factor to be considered before acquiring accounting software is the accounting expertise of people …
Management and Accounting Information System
Management and Accounting Information system- In order to remain competitive, organisations depend heavily on Information Systems. Management Information System (MIS) is used as the most common form of information system. …
What is Computerised Accounting
What is Computerised Accounting- A computer is a device, which is capable of performing a spread of operations as directed by a group of instructions. This set of instructions has …
Ledger Posting in Accounting
Ledger Posting in Accounting is a very important role in maintaining accounts books or records of the transaction. At the time of preparing accounts in any organisation(business), preparing different ledger …