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what is company in accounting Related: Basic Accounting Concepts & Co...
Company accounts are a summary of an organisation's financial activity over a 12 month period. They are prepared for Companies House and HM Revenue & Customs every year and consist of the Balance Sheet, the Profit and Loss Statement, and the Cash Flow Statement.
A company is a voluntary association of people who contribute money for a common purpose. A company is an artificial person and a separate legal entity. ... Hence, the capital of a company is known as share capital and the contributors as shareholders.
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what is company in accounting Related: Basic Accounting Concepts & Conventions - Principles of Accounting, Accountancy and Financial manage?
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