Profits Prior to Incorporation and Accounting Treatment
Profit of a business for the period prior to the date company into existence is referred to as Pre-Incorporation profit.…
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Profit of a business for the period prior to the date company into existence is referred to as Pre-Incorporation profit.…
This is also known as Balance Sheet Method or Intrinsic Method or Break-up Value Method or Valuation of Equity basis…
A company can issue its shares either at par, at a premium or even at a discount. The shares will…
A company may receive applications for shares more than the number of shares it has offered to the public. This…
Requirements of Companies Act The following are the requirements of the Companies Act regarding the reissue of forfeited shares: The…
Section 81 of the Companies Act requires that a public limited company, whenever it proposes to increase its subscribed capital…
A partnership is a kind of business where a formal agreement between two or more people is made and agreed…
An insolvent is a person unable to pay or settle his just debts. When a person or a partnership firm…
A Capital Account is a general ledger account which shows some of the special transactions like proprietor’s investment in his…
A partner may ascertain to either withdraw or retire from the enterprise due to certain reasons such as his bad…