Company account depicts the financial position of the organization taking into consideration of trading a/c, P&L a/c, Balance sheet. Please Like, Comment and Share.

1. Presentation on
Companies accounts
Submitted to – Submitted by -
Mr. Sandeep Bisht Shaifali Pandey
MBA1sem

3. Originals
records
classification
Trial
balance
Final
accounts
Company
accounts

4. IMPORTANT TIPS
 Separate legal entity
 Incorporated association
 Common seal
 Perpetual succession
 Transferability of shares
 Separation of ownership and management

6. Authorized Capital It is the maximum amount of share capital
which the company is allowed to issue
Issued Capital It is the nominal value of a portion of the
authorized capital which has been taken up
(purchased) by shareholders
Called Up Capital It is the amount of issued capital which the
company has called to be paid
Paid Up Capital It the amount of issued capital which has
actually been received
Calls in Arrears It the amount of called up capital which has
not been received

7. BALANCE SHEET
Balance Sheet is a component of financial statements
which shows balances of capital, liabilities & assets.
All nominal accounts are closed by transferring these
to Trading & Profit & Loss Account. Balance Sheet is
the final phase in accounting cycle.
It is a ‘mirror’ which reflects the true position of the
assets & liabilities of the business on a particular
date.

8. Balance Sheet as at 31 Dec XYZ.lim
Fixed Assets Cost Net
Machinery X
Furniture X
X X
Current Assets
Stock
Debtors X
Bank X
X
Less: Current Liabilities
Creditors X
Proposed dividend X
Debenture interest accrued X
Provision for taxation X
Working Capital X
X
Financed by:
Share Capital Authorized Issued
XYZOrdinary Shares of ₨10 each X X
XYZ 8%Preference Shares of ₨10 each X X
X X

9. Reserves
Share Premium
X
General Reserve
X
Profit and loss
X
X
Long-term Liabilities
10% Debentures
X
X

10. Thank you