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Comstands for bachelor of bussiness administration. Corporate accounting 5 module 1 accounting for share capital a company is an association of persons who contribute money or moneys worth to a common stock and uses it for a common purpose. First year of all the universities of andhra pradesh. The basic accounting concepts are referred to as the fundamental ideas or basic assumptions underlying the theory and practice of financial accounting and are broad working rules of accounting activities. It is the maintenance of daily record of all financial transactions in such a manner that it would help in the preparation of suitable information regarding the financial affairs of a business or an individual. According to central budget 201516 tax is abolished w.
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