Archive about 'Types Of Organization'

Major Difference Of The Financial Statement between Partnership And Limited Company

Tabulated below are the major differences of the financial statement of a Partnership and Limited Company:
 

Partnership

Limited Company

More than one capital account. The number of capital account depends on the number of partners in the Partnership concern.

Shareholders fund which comprises many categories like share capital, retained earnings, other revenue and capital reserves.

Profit & loss is distributed […]

Major Difference Of The Financial Statement between Sole Proprietorship And Partnership

Tabulated below are the major differences of the financial statement of a Sole Proprietorship and Partnership:
 

Sole Proprietorship

Partnership

Only one Capital Account

More than one capital account. The number of capital account depends on the number of partners in the Partnership concern.

All the profit belongs to the owner

Profit & loss is distributed to the partners’ capital account according […]

Difference Of Financial Statement between Sole Proprietorship And Limited Company

Tabulated below are the major differences of the financial statement between a Sole Proprietorship and a Limited Company
 

Sole Proprietorship

Limited Company

The owner’s equity has only one item which is the owner’s equity account

Shareholders fund = Share Capital + Retained Earnings + Other Revenue & Capital Reserves

Tax on the income of the owner/sole proprietor

A limited company is […]

Types Of Organization Structure-Limited Company ( Part 3 of 3)

Various Type Of Organization Structure

 
A business may be carried on in any one of the following form:
 
1. Sole proprietorship (Part 1 of 3)
2. Partnership (Part 2 of 3)
3. Limited Company
 
 

CHARACTERISTIC OF A LIMITED COMPANY

A limited company is incorporated and governed under the Companies Act. It can be categorized as follows:
 

A company limited by […]

Types Of Organization Structure- Partnership ( Part 2 of 3)

Various Type Of Organization Structure

 
A business may be carried on in any one of the following form:
 
1. Sole proprietorship (Part 1 of 3)
2. Partnership
3. Limited Company
 
 

CHARACTERISTIC OF A PARTNERSHIP:

1. A partnership is not a legal entity such that the partnership has to sue or be sued in the names of the partners;

2. […]

Understanding Various Types of Organization Structure (Part 1 of 3)

Various Type Of Organization Structure

 
A business may be carried on in any one of the following form:
 

Sole proprietorship
Partnership
Limited Company

 
 

CHARACTERISTIC OF A SOLE PROPRIETORSHIP

1.The business is solely owned by one person;

2.Management rests on that one person,

3.If such a business fails or is declared bankrupt, the creditors can sue the […]