Publication of Authorized, Subscribed and Paid-Up Capital [Section 60]
(1) Where any notice, advertisement or other official publication, or any business letter, billhead or letter paper of a company…
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(1) Where any notice, advertisement or other official publication, or any business letter, billhead or letter paper of a company…
No trading concern can run without capital. The divisions of share capital are: (i) Nominal or Authorized Capital. The amount of…
Every company is required to keep at its registered office books of account. These books are to be maintained in…
Statutory books are those which a limited company is under statutory obligation to maintain at its registered office. The main…
A company is a voluntary and autonomous association of certain persons with capital divided into numerous transferable shares formed to…
Generally, a balance sheet and an income statement are prepared and issued together because in a way they are twin…
A Balance sheet is like a “snapshot” that gives you the overall picture of the financial health of a company…
Income Accounts These accounts are used to track income earned during the process of operating your business. The income of…
An Income Statement is also called a Profit and Loss Report. In addition, the word Revenue is often used in…
Payroll Records An employer, regardless of the number of employees, must maintain all records pertaining to payroll taxes (income tax…
One of the first steps in evaluating a business is determining your break-even point. This is the number of units…
A company can raise or lower its earnings by changing the way it calculates the cost of goods sold. As…