Category: CORPORATE ACCOUNTING

TYPES OF COMPANIES

July 31, 2019 commerceiets No Comments

TYPES OF COMPANIES Company is an artificial person created by the law for some common purpose where the capital is divisible into parts known as shares with perpetual succession and common seal. The various types of companies are as follows: ON THE BASIS OF FORMATION On the basis of formation, the companies are of following…

WHAT IS COMPANY

July 29, 2019 commerceiets No Comments

WHAT IS COMPANY Joint Stock Company is an artificial person created by the law for some common purpose where the capital is divisible into parts known as shares with perpetual succession and common seal. ACCORDING TO PROF. HANEY “A company is an artificial person created by law, having separate entity with the perpetual succession and…