Acc0901 introduction to company accounts
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This document discusses company accounts and introduces various types of companies. It explains that a company is an artificial person created by law with perpetual succession and a common seal. It notes that companies must maintain books of accounts according to Section 209 and that Section 210 requires directors to present a balance sheet and profit and loss account at the annual general meeting. Parts I and II of Schedule VI deal with the presentation of the balance sheet and profit and loss account.
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3. The procedure of amalgamation includes finalizing terms by boards, preparing a scheme of amalgamation, obtaining shareholder and regulatory approvals, forming a new company, transferring assets and liabilities, and liquidating transferor companies.
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Acc0901 introduction to company accounts
- 1. CPTSuccess Revision Notes – Fundamentals of Accounting Chapter 9. Company Accounts Unit 1: Introduction to Company Accounts
- 3. Salient features of a company are: © Revision Notes - Fundamentals of Accounting CPTSuccess www.cptsuccess.com
- 8. Holding and subsidiary company
- 10. Limited / Unlimited company
- 11. Public / Private company© Revision Notes - Fundamentals of Accounting CPTSuccess www.cptsuccess.com
- 13. Section 210 of Companies Act, 1956 says that at the AGM of the company, Board of directors shall lay before the company:
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- 16. Part II and Part I of Schedule VI of Companies Act, 1956, deals with presentation of P&L A/c and Balance Sheet respectively© Revision Notes - Fundamentals of Accounting CPTSuccess www.cptsuccess.com
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