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What are the Advantage of limited liability
Advantage of limited liability, though, imposes certain obligations on such companies. To start up a limited company, documents of incorporation should be prepared that set out, among other things, objectives of the business. Moreover, a framework of regulations exists which places obligations on limited companies concerning the way in which they conduct their affairs. Part of this regulatory framework needs annual financial reports to be made available to owners and lenders and typically an annual general meeting of the owners has to be held to approve reports. Furthermore, a copy of the annual financial reports should be lodged with Registrar of Companies for public inspection.
Are revenue and expense accounts permanent accounts and should not be closed at the end of the accounting period?
A company is necessary by law to offer an issue of new equity finance on a pro-rata basis to its existing shareholders. This makes sure that the existing pattern of ownership and c
Charlie Brown, controller for the Kelly Corporation, is preparing the company's income statement at year-end. He notes that the company lost a considerable sum on the sale of some
The following figures are taking from the book of Sheen Compnay limited as on december 31,2009 DEBIT SIDE : opening stock Rs 75000 purchases 245000 wages 30000 c
how to calculate the value of ordinary share
Assuming the robot is placed on track at the packing station facing away from the station) the robot traverses the entire track. During this step, the robot will follow a left-hand
Related Party Transaction - Business or other transaction between persons who don't have an arm's-length relationship (for example a relationship with independent, competing intere
For this question you will use the dataset "murder.xls", which includes: • rate = Murder rate per 100,000 • convictions = Number of convictions divided by number of murders • execu
On January 1, 2012, Osborn Company sold 12% bonds having a maturity value of $800,000 for $860,651.79, which provides the bondholders with a 10% yield. The bonds are dated January
In this type of system store balances are recorded and computed after all receipt and issue. The main focus of this system is to make obtainable details regarding the quantity and
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