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Lecture Notes - Company Accounts PDF

5 Pages·2015·English
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by ['Fredhope Mtonga']| 2015| 5 pages| English

About Lecture Notes - Company Accounts

1. A company is an artificial legal person created by law that exists separately from its owners. It has an independent legal identity and perpetual succession. 2. A company is defined as an association of individuals who contribute money or money's worth to a common stock and employ it for a common purpose. It has transferable shares, limited liability for its members, and is managed by elected directors separate from its owners. 3. The key features of a company include that it is an artificial legal person, has a separate legal identity from its members, uses a common seal, has a perpetual existence unaffected by changes in ownership, and members have limited liability. A company also allows for separation of ownership and management through elected directors

Detailed Information

Author:['Fredhope Mtonga']
Publication Year:2015
Pages:5
Language:English
Format:PDF
Price:FREE
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