Indirect shareholding is when a company A holds a direct shareholding in company B and company B holds a direct shareholding in company C, company A is said to have an indirect shareholding in company C. An accounting system is a holistic approach to accounting. Demand draft is an instrument of payment that one person gives to the other and the other person can demand money against it. Bond sinking fund is a provision made by the bond issuing body to pay off the face value of the bond at maturity. Angel investors are affluent people who finance a business for reasons best known to them. This score is calculated based on the information obtained from the credit bureaus.
Whether it’s family, personal, or for your small business, keeping a regularly maintained financial worksheet is a great way to keep an eye on the flow of money. Going Concern Concept of Accounting assumes that the business will remain in existence for all the foreseeable future. Direct Materials includes the cost of purchasing the raw materials for the process of production. Split payment is a mode of payment, which allows you to pay partly in cash and partly on credit. Working capital is the amount of money that a company has to carry on with its daily operations. An account, which is maintained by depositing undistributed parts of profit for http://www.jamaicaobserver.com/business/NCB-introduces-loans-via-ABM_85755 future needs is known as a reserve account.