What is corporate accounting short note?
Corporate accounting refers to the process of recording a company's financial transactions.
It is a process of documenting expenses, incomes, sales and purchases over a specific time period.
The end result of this process are financial statements like the cash flow statement, the income statement and the balance sheet..
What is corporate accounting short note?
Corporate accounting refers to the process of recording a company's financial transactions.
It is a process of documenting expenses, incomes, sales and purchases over a specific time period.
The end result of this process are financial statements like the cash flow statement, the income statement and the balance sheet.Jul 26, 2023.
What is note accounting?
Notes to the financial statements disclose the detailed assumptions made by accountants when preparing a company's: income statement, balance sheet, statement of changes of financial position or statement of retained earnings.
The notes are essential to fully understanding these documents..
- Notes to the accounts are the additional information and explanations that accompany the financial statements.
They provide more details and clarity about the items, amounts, and transactions reported in the balance sheet, income statement, statement of changes in equity, and cash flow statement. - The issue of shares is the procedure in which enterprises allocate new shares to the shareholders.
Shareholders can be either corporates or individuals.
The enterprise follows the rules stipulated by Companies Act 2013 while circulating the shares.
