Basics
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…
August 16, 2021 · Boomi NathanBasics
Basics
Share Capital
No trading concern can run without capital. The divisions of share capital are: (i) Nominal or Authorized Capital. The…
August 16, 2021 · Boomi NathanBasics
Books of Account
Every company is required to keep at its registered office books of account. These books are to be…
August 16, 2021 · Boomi NathanBasics
Statutory Books
Statutory books are those which a limited company is under statutory obligation to maintain at its registered office.…
August 16, 2021 · Boomi NathanBasics
Accounting of Shares And Debentures
A company is a voluntary and autonomous association of certain persons with capital divided into numerous transferable shares…
August 16, 2021 · Boomi NathanBasics
Linking the Income and Balance Sheet
Generally, a balance sheet and an income statement are prepared and issued together because in a way they…
August 16, 2021 · Boomi NathanBasics
Balance Sheet
A Balance sheet is like a “snapshot” that gives you the overall picture of the financial health of…
August 16, 2021 · Boomi NathanBasics
Income & Expense Accounts
Income Accounts These accounts are used to track income earned during the process of operating your business. The…
August 16, 2021 · Boomi NathanBasics
Income Statement
An Income Statement is also called a Profit and Loss Report. In addition, the word Revenue is often…
August 16, 2021 · Boomi NathanBasics
Managing Payroll
Payroll Records An employer, regardless of the number of employees, must maintain all records pertaining to payroll taxes…
August 16, 2021 · Boomi Nathan