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ISSUE OF DEBENTURES Debenture is an instrument issued by the company acknowledging its debt. Issue of Debentures is made by the company under its seal. It is a contract for the repayment of the amount borrowed by the company from the debentureholder after certain period or at the option of company. ACCORDING TO SECTION 2…
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MEANING Debentures is an instrument issued by the company acknowledging its debt. It is issued by the company under its seal. It is a contract for the repayment of the amount borrowed by the company from the debentureholder after certain period or at the option of company. ACCORDING TO SECTION 2 (30) OF THE COMPANIES…
BUY BACK OF SHARES Buy Back is the corporate action in which a company buys back its shares from the existing shareholders usually at a price higher than the market price. When the company buys its shares back, the number of outstanding shares in the market reduces. Buy Back of Shares is also known as…
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MEANING The Joint venture may be defined as temporary partnership between two or more persons without the use of firm’s name for a specific purpose and limited time period. In other words, two or more persons agree to undertake a particular venture and to share the profits and losses thereof in an agreed ratio. The…
REDEMPTION OF PREFERENCE SHARES Redemption of Preference Shares means returning the capital to the preference shareholders either at a fixed date or after a certain time period during the lifetime of the company provided company must complied certain conditions. ACCORDING TO THE COMPANIES ACT 2013 “A company is not allowed to return to its shareholders…
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ACCOUNTING FOR INCOMPLETE VOYAGE Voyage Accounting is done in case of Shipping Companies. To know the results of the marine business voyage accounts are prepared. It is prepared to know the profit or losses on each voyage or shipment undertaken by the shipping company. Sometimes the accounting year of shipping company has come to an…
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MEANING Voyage Account is an account which is prepared by the shipping companies. This account is prepared to get a complete record of the profits earned and loss incurred on the particular voyage undertaken by the shipping company. It records both inward and outward journey. It is prepared separately for each voyage. FEATURES OF VOYAGE…
INCOME AND EXPENDITURE ACCOUNT Income and Expenditure Account is an account prepared by the non- profit organisations to find out the surplus of deficit of the non-trading concern. This account records all the income and expenditure of the non- trading concerns for an accounting year. Income and Expenditure is just like profit and loss account…
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SCOPE OF STATISTICS Statistics are numerical statement of facts capable of analysis and interpretation as well as study of the methods used in collection, organization, presentation, analysis and interpretation of numerical data. It is often said that “Statisticians is what Statisticians do”. This explains the scope of statistics as very wide and extends extensively to…
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MEANING Balance Sheet is also known as Position Statement. It is a summary of all the assets and the liabilities of the business concern prepared at the end of the year. It is a part of final accounts. All the nominal accounts i.e. Trading Account and Profit and Loss Account are closed by transferring to…