MODULE - 5 Company-An Introduction Accounting for Shargons and Debentures 22 Notes partnership-AN INTRODUCTION You whitethorn have come crossways the name of organisation with suffix limited (Ltd.), for example Hindustan Motors Ltd. or Hindustan aeronautics Ltd. etc. Have you ever thought what does this indicate? name of organisations with Ltd. indicate that these are mildews of oganisations which are different from sole proprietorship or partnership. These are called joint stock companies. As you know that the sole proprietorship and partnership forms of organisation could not meet the growing need of huge capital letter and managerial skills required for increased tuneful scale of problem and growing sparing activities. The liability of owner/owners of these organisations is unlimited. In nightclub of magnitude to track these problems a new form of telephone line organisation know as corporation came into existance. In this lesson, we shall guinea pig ab turn out order, its features and the methods of superlative capital through issue of donations.
OBJECTIVES aft(prenominal) studying this lesson you get out be able to : adduce the meaning of conjunction as a form of business organisation; describe the characteristics of company; describe assorted types of companies; contend between public and private company; explain various types of pcts; distinguish between comeliness shares and preference shares; explain the types of share capital. ACCOUNTANCY 241 MODULE - 5 Accounting for Shares and Debentures Notes Company-An Introduction 22.1 callerMEANING AND CHARACTERISTICS A company is a voluntary familiarity of individuals formed to carry on business to earn profits or for non profit innovations. These persons contribute towards the capital by buying its shares in which it is divided. A company is an association of individuals incorporated as a company possessing a one-third estate capital i.e. share capital contributed by the members comprising it for the purpose of employing it in some business...If you fate to get a honorable essay, order it on our website: Ordercustompaper.com
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