Unlike a sole proprietorship or partnership, company accounts have a different format. Here we have to account for the different ownership structure (shares, debentures). Company Law also has a definite format for the final accounts of a company. Let us study company accounts and their format.
- Basic Concepts of Company Accounts
- Issue of Shares for Cash
- Issue of Shares for Consideration
- Under and Over Subscription
- Calls-in-Advance
- Calls-in-Arrears
- Issue of Shares to Promoters
- Forfeiture of Shares
- Reissue of Shares
- Issue of Debentures
- Issue of Debentures as Security
- Issue of Preference Shares
- Capital Redemption Reserve Account