Accounting

When a new company is set up to acquire the business of existing companies, it is amalgamation. In order to take the economies of scale, to avoid competition and maintenance of prices, two of more than two joint stock companies may combine their undertakings and become one joint stock company. So amalgamation is a blending of two or more existing undertakings into one undertakings, the shareholders of each blending company becoming substantially the shareholders in the company when is to carry on the blended undertakings.      All the assets and liabilities of the transfer company become, after amalgamation, the assets and liabilities of the transferee company. Shareholders holding not less than 90% of the face value of the equity shares of the transfer company become equity shareholders of the transferee company by virtue of amalgamation. The business of the transfer company is intended to be carried on, after the amalgamation by the transferee company. No adjustme...

A Company established under Company Act 2053 B.S. will be an organized and autonomous organization having perpetual existence. There will be a separate seal of the company. The company can by being under this law like an individual receive, keep, sell and manage all kind of properties movable or immovable as required from time to time. The company can lodge complaint against anybody in its own name and others may also complaint against the name of the company.          In my opinion company is an artificial legal person created by law having a perpetual succession and having separate common seal for business deal and different agreements. Also it is called an enterprises of group of persons formed for obtaining certain goal.    

Character Accountant is an auditor of accounting record of business enterprises. It is also called supervisor of account keeper. Charterer Accountants are a person who are qualified by government authority who create a seprate board called chartered accountant association. Chartered Accountants only can be a member in this association and they can certified a new chartered accountant by taking different stage of examination.        Now a days Chartered Accountants are so popular because in present contents many business organization are formed broadly and they can deal big business and that kind of business are run in globally so that kind of accounting transaction cannot handle by general auditor and they don't have any authority to do so. In present situation the world is narrow because of wide communication facilities, now a days we can easily communicate in different location so it is also apply in business so many business deal are done through intern...

In the early stage 'com' means bread and 'pany' means taking meals together, so this two words 'com' and 'pany' jointly called company. we can understand that different businessmen wore took their meals together, that time they discuss their business problem and solve jointly. So that they knew that if they work jointly they will success better than they are doing solely. From this concept they knew that if they work jointly they will earn more than solely. From this practice we can easily know that gathering of people doing business in one place is called company like wise in other word company is called group of person formed a enterprises for better earning purpose.               In present contents there are many types of company like private company, public company, government company, foreign company, holding company, etc. the main feature of the company is that is artificial legal person, limited liabilities, commo...