state the heads under which share capital is divided and presented in the balance sheet.
Answers
Answered by
0
Answer:
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. Indian Companies Act, 2013 governs all companies and provides guidelines for them to adhere to.
Explanation:
hope you got your answer
please mark me as brainliest
Similar questions