Question

8. Explain about company accounts.
​

Answer 1

Answer:

For showing the revenue and financial performance of company , Accountant maintains company accounts .All company accounts are made in Corporate accounting . We can define it as recording of issue of equity and pref. shares , debentures , bonus and right shares . It is also duty to maintain all routine accounts like sole trade and partnership firm . In normal transactions , we can include purchase , sale , receipt and payment transactions and it is recorded in journal first and after posted it to ledger of Company accounts . Company accounts are also helpful for making company's final account .

Explanation:

Hope it's helpful for you!