Limited Companies
Akopọ
A limited company is owned by its shareholders but treated by the law as a separate person in its own right. That single idea changes everything. The shareholders can lose only what they invested, the company can raise large sums by selling shares, and it carries on even when its owners change. In return the accounts become a little richer, because the profit now belongs to many owners and the law wants to see exactly how it is shared and kept.
In this lesson you will learn the capital structure of a company: ordinary and preference shares, general reserve, retained earnings and the debentures it borrows. You will prepare the company income statement, the statement of changes in equity that shows how the profit is used, and the statement of financial position with its distinctive equity section. Every figure ties together, so you can follow the profit from the income statement through to the equity that belongs to the shareholders.
Awọn Afojusun
- how a limited company can be a trading, service, manufacturing business or a combination of these.
- the advantages and disadvantages of operating as a limited company.
- the term ‘limited liability’.
- the term ‘equity’.
- the capital structure of a limited company comprising preference share capital, ordinary share capital, general reserve and retained earnings.
- the features of ordinary share capital and loan capital (debentures).
- share capital: issued, called-up, and paid-up.
- how to prepare statements of profit or loss, statements of changes in equity and statements of financial position.
- how to make adjustments to financial statements as detailed in 5.1 (sole traders).
Akọ̀wé Ẹ̀kọ́
O wa lori ohun elo Green Bridge
Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.
Ìdánwò Ẹ̀kọ́
Oriire fun ipari ẹkọ lori Limited Companies. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.
Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.
Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.
- What does the term limited liability mean for a shareholder? A. The company can only borrow a limited amount B. The shareholder can lose only the amount paid for the shares C. Dividends are limited to a fixed rate D. The number of shares is limited Answer: B
- Which item is a long-term loan rather than part of equity? A. Ordinary share capital B. General reserve C. Debentures D. Retained earnings Answer: C
- A company has 200,000 ordinary shares of $0.50 each, fully paid. What is the ordinary share capital? A. $400,000 B. $200,000 C. $100,000 D. $50,000 Answer: C
- A company has 100,000 6% preference shares of $1 each. What is the annual preference dividend? A. $600 B. $6,000 C. $60,000 D. $100,000 Answer: B
- In which section of the statement of financial position do general reserve and retained earnings appear? A. Non-current assets B. Current liabilities C. Non-current liabilities D. Equity Answer: D
O wa lori ohun elo Green Bridge
Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.
O wa lori ohun elo Green Bridge
Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.
Awọn Iwe Itọsọna Ti a Gba Nimọran
Ṣe Adaṣe Awọn Ibeere Idanwo Adaṣe
Ṣe o fẹ ṣe adaṣe awọn ibeere idanwo adaṣe nipa Limited Companies? Ṣe igbasilẹ ohun elo Green Bridge CBT lati wọle si awọn ibeere idanwo adaṣe ati awọn ayẹwo adaṣe kikun fun koko-ọrọ yii.
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