yahan per hai kya koi jo answer de skta hai isska meaning of company in accountancy??
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The company is derived from the Latin word com and pains .The term com means together and the term pains means bread. According to Indian Companies Act 1913 joint stock company is artificial person created by law having a separate entity with a perpetual succession and a common seal.
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Basic Concepts of Company Accounts. 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. ... Hence, the capital of a company is known as share capital and the contributors as shareholders.
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