KASNEB – CPA | CIFA | CS | CCP | CFFE | ATD Study Notes And Revision Kitss
For small companies, this is personal savings (contribution of owners to the company). For large companies equity finance is made of ordinary share capital and reserves; (both revenue and capital reserves). Equity finance is divided into the following classes: Ordinary Read More …
TYPES OF BUSINESS ORGANISATIONS Sole proprietorships Partnerships Joint stock companies or Public/Private limited companies. SOLE PROPRIETORSHIP Characteristics 1. Accounts do not have to be audited 2. It caters for personal attention of customers 3. Limited to such finances as: a. Read More …
Most financial decisions involve alternative courses of action. The alternatives have different returns and risk. For example, should we buy a replacement machine now or should we wait until next year, should we set the debt-to-assets ratio at 20%, 40% Read More …