Practical Accounts and Bookkeeping by Alex Byrne
Author:Alex Byrne
Language: eng
Format: epub
Publisher: In Easy Steps
Published: 2016-11-28T05:00:00+00:00
7
Companies
A limited company protects the business owners from most liabilities, but with protection comes responsibility
Company Balance Sheets
Directors’ Responsibilities
Legal Requirements for Company Accounts
Sample Company Accounts
Companies House Deadlines
Summary
Company Balance Sheets
The Balance Sheet in previous chapters is essentially the same for a Company except:
The Capital Account Brought Forward (BF) is referred to as Reserves or Retained Profit
The owner or owners also have shares and these appear on the BS. Both are added together and the total is called “Shareholders Funds”
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