Average Due Date (Accts) Average Due Date Where a large number of receipts and payments occur at several dates by and from a single party, average due date, simplifies the interest calculation involved in such transactions. Average due date is the computed date on which a person (debtors) can pay all the amounts due from…

Company Debentures Accounts Company Debentures Debenture is a document issued by the company as evidence of its debt. It is an acknowledgement of the company’s indebtness to its holders.  The term Debenture includes debenture stock, bonds and any other security of a company, whether constituting a charge on the assets of the company or not….

Company Pre Incorporation Profit & Loss Account Company Pre Incorporation Profit & Loss When a running business is taken over by a company, with effect from the date prior to the date of incorporation of the company, the profit or loss of such a business before its incorporation date is referred as pre-incorporation profit or…

Company Equity Share Capital Accounts Company Shares Types Company Shares refers to a part or portion of a larger amount which is divided among a number of people, or to which a number of people contribute. It is one of the equal parts into which a company’s capital is divided, entitling the holder to a…

Company Accounts Introduction Company Accounts Company form of organization is one of the ingenious creations of human mind, which has enabled the business to carry on its wealth creation activities through optimum utilization of resources. It represents different kind of associations, in terms of its construction, business and legal implications. The word ‘Company’ derived from…

Partnership Business Conversion & Sale Accounts Sale or Conversion of Partnership Firm into Joint Stock Company An existing partnership firm may sell its whole business to an existing Joint Stock Company (referred as Absorption of Partnership Firm) or can be converted into a Joint Stock Company (referred as conversion into Company). Separate Set of Books…

Partnership Firm Dissolution Accounts Dissolution of Partnership Firm There are 2 types of Dissolution related to Partnership Firms:- Consequences of Dissolution If there is still surplus available, it is distributed among the partners in their profit-sharing ratio. Conversely, after payment of liabilities of the firm and repayment of loans from partners, if the assets of…

State Board K11-12 Commerce Stream Curriculum, Syllabus & Examinations State Board K11-12 Commerce Stream Curriculum, Syllabus & Examinations Each State has its own syllabus, curriculum and marks allotment. As an example, we give the details of course syllabus and curriculum of Delhi State Board, which is quite similar to CBSE Board. Delhi State Board Accountancy…