Share capital of a company how many classes it can be didided
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hey!!
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A company is a voluntary association of people who contribute money for a common purpose.
- A company is an artificial person and a separate legal entity. Let us now understand the basic concepts of company accounts.
- The contribution of money by people forms the capital of the company and the contributors are its members.
- Hence, the capital of a company is known as share capital and the contributors as shareholders.
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