ACCOUNTS BY SONIA SETIA

  DIFFERENCE BETWEEN PARTNERSHIP AND COMPANY   Key Difference between Company and Partnership Firm A company and a partnership firm are both business structures but have several key differences. Some of the main differences between a company and a partnership firm are: Legal entity:  A company is a separate legal entity, meaning it can enter into contracts, own property, and assets, and be held liable for its actions. A partnership firm, on the other hand, does not have a separate legal identity, and partners are personally liable for the debts and obligations of the partnership. Liability:  Shareholders in a company have limited liability, meaning their financial liability is limited to the amount of capital they have invested. In a partnership firm, partners have unlimited personal liability, meaning they can be held responsible for the entire amount of the partnership's debts and liabilities. Management:  A company is usually managed by a board of directors, ...

  COMPANY ACCOUNTS--ACCOUNTING FOR SHARE CAPITAL INDEX 1. Meaning and Features of a company 2. Difference between Partnership & Company 3. Kinds of Companies 4. Difference among one person company, private and public company 5.Incorporation of Company 6. Meaning of Share Capital 7. Kinds of Shares 8. Difference between Preference Shares and Equity Shares 9. Accounting Treatment of Issue of Shares for cash at par and at a premium 10. Oversubscription of Shares 11. Under subscription of Shares 12. Accounting Treatment of Calls-in-Arrear 13. Accounting Treatment of Calls-in-Advance 14. Accounting Treatment of Shares issued for consideration other than cash 15. Accounting Treatment of Forfeiture and Reissue of Shares 16. Concept of Preferential Allotment 17. Private Placement of Shares 18. Employee Stock Option Plan (ESOP)       MEANING & FEATURES OF A COMPANY “Company means a Company incorporated under this Act or ...