Accounts - Part IV
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Description: Receipts and Payment Account summarizes cash flow. The Balance Sheet shows financial position, detailing assets, liabilities, and equity.
Description: Illustrations on Receipts & Payment Account demonstrate cash transactions, showcasing inflows, outflows, and the resulting cash balance.
Description: Balance Sheet illustrations depict assets, liabilities, and equity, reflecting financial health and resources of an organization at a specific time.
Description: A company is a legal entity with separate existence. Features include limited liability, perpetual succession, and diverse ownership structures (private, public).
Description: Types of shares include equity (common) shares and preference shares with varying rights. Subscription involves applying and acquiring shares in companies.
Description: Oversubscription occurs when demand exceeds available shares. Prorata allotment distributes shares proportionally among applicants to meet oversubscription.
Description: Calls-in-arrears are unpaid amounts on shares; calls-in-advance are payments exceeding due amounts for future calls on shares.
Description: Debentures are debt instruments issued by companies to raise funds from the public, offering fixed interest and repayment terms.
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