Archive about 'Limited Companies'
In Accounting, What Do We Mean By Retained Profits
The profits of a company after tax are distributed or appropriated as decided by its directors. Not all the profits after tax will be distributed. The profits that are not distributed or appropriated are known as “retained profits”.
Explain What Is Meant By An Annual General Meeting, Annual Report And Accounts and Annual Return
Earlier article describe the difference between the Articles Of Association and Memorandum Of Articles.
Below briefly describe in some commonly used-terms in both private and public limited company namely:-company’s annual general meeting, annual report and accounts and annual return:
Annual General Meeting ( abbreviation AGM)
Held only by limited company [...]
What is Distributable Profits Of A Company?
What do we mean by Distributable Profits of a Company?
Suggested Answer:
Distributable profits are the profits of a LIMITED company that are available for distribution to the shareholders as dividends. These are revenue reserves including the profit and loss account and the general reserves.
What Is The Meaning Of Treasury Stock And How Is It Represented/Classified In The Balance Sheet?
Can you tell me (a) what is the meaning of treasury stock and (b) how is it classified in the Balance Sheet?
Answer to (a):
When a company buys its own stock in the open market, the stock re-purchased is called Treasury Stock.
Where [...]
Listing Of Articles Under Heading Limited Companies
Append below a summary of articles on Limited Companies
ISSUANCE OF SHARES,ETC
Terms Used in Relation To Share Capital
Issuance of shares and debentures
Revision Notes On Limited companies On Issue Of Shares On Installments & Method Of Raising Share Capital
Oversubscription of Share Issued
Subscription Of Shares By Installment-Calls In Arrears
PROFIT AND LOSS APPROPRIATION ACCOUNT
What Is Profit & Loss Appropriation [...]
Answer To Accounting Test Question No. Ltd 2 On Limited Companies-Profit & Loss Appropriation Account
The question on this limited company asked for a simple preparation of the Profit & Loss Appropriations where the dividends are considered.
Answer Paper to Accounting Test Question No.Ltd 2 on Limited Companies
Jim Ltd
Profit & Loss Appropriation for the year ended 31 December 2007
$
$
Net Profit
900,000
Add: Retained profit [...]
Accounting Test Question No Ltd 2 On Limited Companies
Below is a straight forward question on Profit & Loss Appropriation Account.
Question:
Jim Ltd made a net profit of $900,000 for the financial year ended 31 December 2007. Retained brought forward is $50,000.
(a) The company issued out 100,000 10% preference shares of $1 each and 200,000 ordinary shares of $2 each
(b) Interim dividend paid to [...]
Answer To Accounting Test Question No. Ltd 1 On Limited Companies-Profit & Loss Appropriation Account
The question on this limited company asked for a simple preparation of the Profit & Loss Appropriations where the dividends are considered.
Answer Paper to Accounting Test Question No.Ltd 1 on Limited Companies
Jim Ltd
Profit & Loss Appropriation for the year ended 31 December Year 8
$
$
Net Profit
41,500
Add: Retained profit [...]
Accounting Test Question No Ltd 1 On Limited Companies-Profit & Loss Appropriation Account
Below question is testing the reader on the preparation of the Profit & Loss Appropriation Account.
{Hint: So from the masses of data, just pick up the net profit for the year ended and worked on the dividends whether paid or payable and for the different types of dividend re: preferential & ordinary share.]
Question:
Jim [...]
Limited Companies:Subscription of Shares By Installment: Call In Arrears
This article deals with a limited company which has issued shares by installment and whereby the shares are called up and the shares applicants are informed to settle their installments on shares but the company has not being able to collect payment on the due date.
The accounting entries are shown and an illustration [...]
March 13, 2010
- In Accounting, Explain What Is Recoverable Amount
- In Accounting, What Do We Mean By Retained Profits
February 28, 2010
- What are the Accounting Treatment and give examples of Non-Adjusting Events After The Balance Sheet Date
- Please Explain What Are The Underlying Accounting Principles That At Least Need To Be Follow When Presenting Financial Statements under FRS 101
January 27, 2010
January 25, 2010


