Unit 7: Introduction to Company Accounts – Financial Accounting (Exam Revision Notes)

1. Meaning of Company 2. Salient Features of a Company 3. Types of Companies 4. Preparation of Financial Statements of Companies 5. Share Capital 6. Debentures Types of Debentures: 7. Distinction between Shares and Debentures Basis Shares Debentures Ownership/Loan Ownership Loan Dividend/Interest Dividend (not fixed) Fixed Interest Voting Rights Yes (equity holders) No Repayment Not…

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