Partnership
Minimum members in partnership
Two
JSC raise capital through
issue of shares and debentures
STC normally maintain their books of accounts under
Single entry system
Cash flow statement is prepared from
cash book
Books of accounts maintained in Non profit organisation
Income & Expenditure a/c, Balance sheet
Maximum members required
20
What are shares
Share in the share capital of the company
How many members required to start
one
Purchase of asset is considered as
Investing Activity
Main Objective
Service to the society