A friend of yours is intending to register a company and has approached you for guidance as she is aware that you have covered the subject of the different types of organisations which can be formed for the purpose of carrying on a business. One such type of organisation is a Company that can be registered under Clause 6 of the Companies Act No. 10 of 2017 provides that companies can be incorporated under any of the following categories:
A friend of yours is intending to register a company and has approached you for guidance as she is aware that you have covered the subject of the different types of organisations which can be formed for the purpose of carrying on a business. One such type of organisation is a Company that can be registered under Clause 6 of the Companies Act No. 10 of 2017 provides that companies can be incorporated under any of the following categories:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QUESTION FIVE
A friend of yours is intending to register a company and has approached you for guidance as she is aware that you have covered the subject of the different types of organisations which can be formed for the purpose of carrying on a business. One such type of organisation is a Company that can be registered under Clause 6 of the Companies Act No. 10 of 2017 provides that companies can be incorporated under any of the following categories:
- Public companies
- Private companies limited by shares Required:
- Describe in detail the characteristics of companies incorporated under each of the categories
(i – ii) above.
Describe five internal users of financial information and their information needs.
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