In a private limited company,if owner/shareholder withdraws different amounts from company account, then where should be that amount be accounted for/in which head of account that amount should be placed????
Answer / tapan kumar roy
IN PVT LTD COMPANY ARE THE OWNER OF SHAREHOLDERS. EITHER EQUITY SHAREHOLDERS OR PREFERENCE SHAREHOLDERS,EQUITY SHAREHOLDERS WILL GET THE DIVIDED END OF THE YEAR WHICH IS RECOMEND BY BOARD OF DIRECTORS IN THEIR AGM,PREFERENCE SHAREHOLDERS EILL GET THE AMOUT AS PER THEIR AGREEMENT WHICH THEY AGREED THE PERCENTENGE EITHER IT IS 8% OR 9% WHATEVER IT IS AND IT WILL GET IF COMPANY HAS NO PROFIT EVEN THE COMPANY IN LOSS. ANOTHER PART IS DIRECTOR SO EXECUTIVE DIRECTOR WILL GET THEIR REMUNERATION EVERY MONTH LIKE EMPLOEE AND IT WILL ACCOUNTED AS DIRECTORS REMUNERATION.AND IT IS A PROFIT & LOSS ITEM
Is This Answer Correct ? | 1 Yes | 0 No |
What do you mean by Accrued Expenses ?
11 Answers Direct Shipping Services, IBM,
Expand----------NZP
HOW TO MAINTAIN BANK A/C
Discuss the role of cost accounting in managerial decision making
can a bank po work in any type of bank such as idbi bank,hdfc,hsbc please tell me
What is the working formula for Return On Investment
how to solved the shares qusionas ?
what is fraud check?
Can anybody tell what is the link b/w reporate and inflation? How these parameters vary???
outstanding expenses, prepaid or unexpired expenses
let me know the difference between net cash flow and income
credit management as an essential component of financial management explain?