Learning Startup

  Trial  Balance    Meaning of trial balance:                                                                                                After preparing ledger Ac it need to be summarized i.e. to make summery of all items posted in ledger. It is possible with the help of trial balance. Trial balance is a statement of total debit and credit balance of net balance taken from ledger Ac. Objective of trial balance   Trial balance provides summary of all items posted in ledger account. It is a statement which records the extracted balances of various ledger account as well as summary all accounting information. a)     1. To check arithmetical accuracy :- Trial balance is a statement of comparison of debit to...

Company Formation Meaning of company: Due to insufficient capital provided by the sole trading concern and partnership organization, the concept of company came into existence. Because of the expansion of the business organization needs huge capital for its continuous operation. Joint stock company fulfils the following requirement from the issue of shares.           A company is an artificial person created by law and terminated by law with perpetual succession and common seal. It is the voluntary association of person with the shareholder having limited liabilities of which share can be easily transferred. It is fully controlled managed by the elected team member from the shareholder known as board of director (BOD) having democratic management. The main source of collecting and raising the capital. It can be also defined simply as the business orga...