Corporate accounting chapter 2

  • What is Chapter 3 in accounting?

    Corporate Accounting is a very technical job that requires a set of skills.
    It is all about number crunching, costing, and analysis.
    There are a lot of career options for professionals with such skills and the options only get better as corporate accountants gain experience..

  • What is corporate accounting about?

    Chapter 3 – Adjusting Accounts and
    Preparing Financial Statements..

  • Why choose corporate accounting?

    Typical functions in private industry include financial accounting, internal auditing, corporate tax accounting, SEC regulations, compliance and management accounting.
    The most attractive feature of a corporate accounting career path is the consistent work environment and typically few assignments away from home..

Rating 3.0 (2) A company can issue shares at premium subject to the sanction by the Controller of Capital Issues. The amount of premium is decided by t he Controller of 
Rating 3.0 (2) You know that a company mostly issues two types of shares: (i) equity shares, and (ii) preference shares. In each case, the company can either collect full 

Does a company have a legal obligation to prepare final accounts?

There is no legal obligation for sole proprietorship and a partnership firm to prepare final accounts, but otherwise companies have statutory obligations to keep proper books of account and to prepare its final accounts every year in the manner as prescribed in the Companies Act.

What is accounting cycle?

Accounting cycle includes ,identifying, recording, classifying and summarizing of the transactions. – Every transaction is recorded in the journal before being posted into the ledger.
It is the book of account in which transactions are recorded in a chronological order. – Recording in the journal is done following the rules of debit and credit.

What are final accounts of a company?

Final accounts of a company consist of balance sheet as at the end of the accounting period, and profit and loss account for that period

– Section 129 of the Companies Act, 2013 prescribes the form and contents of balance sheet, and profit and loss account of a company


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