Class 12 Accounts

Share Capital of a Company

Share Capital of a Company Share capital means the amount contributed by shareholders. As we know a company being an artificial person cannot generate own capital which has necessarily to be collected from several individuals. These Individuals/persons are known as shareholders of the company. It is impossible to open a separate capital account for each …

Share Capital of a Company Read More »

Kinds of Companies

Kinds of Companies Companies can be classified either on the basis of number of members or on the basis of the liability of its members. Companies can be classified into three types of companies on the basis of liability of its members: i. Companies Limited by Shares In this case, the liability of a company’s …

Kinds of Companies Read More »