Archive | Company Accounts

According to Ernest Davies, “the public corporation is a corporate body created by public authority, with defined powers and functions, and financially independent. It is administered by a Board appointed by public authority…

Final dividend is a dividend which is declared at the annual general meeting of the shareholders and is declared by the shareholders only on the recommendation of the directors. The dividend…

Directors are bound to comply with the provisions of the Companies Act and to carry out generally all duties placed upon them by either the Act or the articles. As regards the duties of directors with respect to the general…

India had some experiences of organisation and management of public enterprises in the past. However, the industrial and commercial enterprises in the public sector depict certain peculiar features…

The difference between the registration under the Companies Act and Partnership Act are that the Partnership Act requires all partnerships formed after October 1933(irrespective of the number of their members…

The principal problems of the public enterprises are discussed in detail as follows like underutilization of capacity, undesirable Bureaucratic Interference, Stagnation in production etc…

Profit or loss prior to incorporation can be ascertained only when fresh stocktaking and balancing of accounts is done on this date but it will involve a great deal of inconvenience. In order to avoid this inconvenience, and to calculate profit or loss prior to incorporation, the following steps may be taken…

The difference between Macro-economic and Micro-economic Planning are as follows…

It is a “company formed and registered under the Companies Act, 1956” and includes the following…

In India we have a mixed economy where the public and private sectors are supposed to be supplementary as well as complementary to each other. They are to coexist peacefully. Both the types of enter­prises are to…

The Ministry of Finance (Deptt. of Economic Affairs), Office of the Controller of Capital Issues, issued a press note on 14th May 1975 prescribing the guidelines for issue of fresh share capital…

Essential terms you must know while preparing Balance sheet are money at call and short notice, advances ( cash credit, overdraft, loan, discounting of bills, purchasing and discounting of bills….

On the basis of the number of members ,a registered company in India may be of 2 types : (1) private company, or (2) public company…

In any company there may be more than one class of debentures each of which may have different rights as to security, transferability, repayment etc. The main classes are…

The documents popularly known as published accounts because all companies print and publish these annual reports.Sections 210, 216 and 217 of the Companies Act, 1956 make it compulsory for the…

Literally the word company means a group of persons associated for any common object such as business, charity, sports, and research, etc. Almost every partnership firm having two or more partners…