Final Accounting Terms
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| Limited Liability | show 🗑
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| show | Limited, the reason to have this in your business name is to ensure creditors are aware that the shareholders' liability is limited to their share value. Maximun 99 shareholders.
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| plc | show 🗑
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| show | Amount invested by the owners of the firm.
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| Authorised Share Capital | show 🗑
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| show | The actual amount of authorised share capital sold/issued.
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| Share Premium | show 🗑
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| Dividend | show 🗑
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| show | Dividends paid out during the year
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| Reserves | show 🗑
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| Capital Reserves | show 🗑
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| Revenue Reserves | show 🗑
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| show | Amount owed by the company to ordinary shareholders.
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| show | Long term loans carrying a fixed interest rate, the debenture is repaid in one lump sum, and in the meantime interest is paid annually.
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| Debenture Redemption Reserve | show 🗑
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| Preliminary/Formation Expenses | show 🗑
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| Auditor's Remuneration | show 🗑
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| Directors' Remuneration | show 🗑
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| show | Tax paid on company's profits, deducted from NP.
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| Intangible fixed asset | show 🗑
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| show | Long-term investments made by a business and loans given to other parties eg quoted investments (bought and sold on stock exchange)and unquoted investments.
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| show | Profit calculated after taking away all operating expenses and adding other operating income, it is the profit before any interest is deducted.
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| Profit & Loss Balance | show 🗑
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| show | Any expense incurred in selling of goods and sevices eg carraige out
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| show | Any expense incurred in the running of the office and upkeep of permises (excluding any manufacturing expenses in manufacturing businesses)
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| show | Financial expense on the debenture loan paid annually.
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| show | The writing down in value of a intangible fixed asset over a number of years eg Patents and Goodwill
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Banagher13
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