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    Accounts PPT Nidhi

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    Simran
    This document discusses different forms of business organizations and their balance sheets. It covers sole proprietorships, partnerships, cooperative societies, Hindu undivided family businesses, and joint stock companies. For each type of organization, it describes their key characteristics and ownership structure. It also explains that financial statements like the trading and profit/loss account and balance sheet are used to summarize the profitability and financial position of a business. The balance sheet formats differ for each type of private sector organization.

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    Accounts PPT Nidhi

    Uploaded by

    Simran
    19 views12 pages
    This document discusses different forms of business organizations and their balance sheets. It covers sole proprietorships, partnerships, cooperative societies, Hindu undivided family businesses, and joint stock companies. For each type of organization, it describes their key characteristics and ownership structure. It also explains that financial statements like the trading and profit/loss account and balance sheet are used to summarize the profitability and financial position of a business. The balance sheet formats differ for each type of private sector organization.

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    Acc ppt

    Original Title

    ACCOUNTS PPT NIDHI

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    This document discusses different forms of business organizations and their balance sheets. It covers sole proprietorships, partnerships, cooperative societies, Hindu undivided family businesses, and joint stock companies. For each type of organization, it describes their key characteristics and ownership structure. It also explains that financial statements like the trading and profit/loss account and balance sheet are used to summarize the profitability and financial position of a business. The balance sheet formats differ for each type of private sector organization.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    19 views12 pages

    Accounts PPT Nidhi

    Uploaded by

    Simran
    This document discusses different forms of business organizations and their balance sheets. It covers sole proprietorships, partnerships, cooperative societies, Hindu undivided family businesses, and joint stock companies. For each type of organization, it describes their key characteristics and ownership structure. It also explains that financial statements like the trading and profit/loss account and balance sheet are used to summarize the profitability and financial position of a business. The balance sheet formats differ for each type of private sector organization.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 12

    Balance sheet of

    ACCOUNTANCY PROJECT different forms of


    business organisations.
    INTRODUCTION
    What is Business?
    Business refers to an occupation in which people
    regularly engage in activities related to sale and
    purchase/production of goods and services with a view of
    earning profits.
    CLASSIFICATION OF
    BUSINESS ACTIVITIES
    Private Sector Public Sector

    -Sole Proprietorship -Departmental


    -Partnership Undertakings
    -Co-operative Societies -Statutory
    -Hindu undivided family Corporations
    business -Government
    -Joint Stock Company Companies
    PRIVATE SECTOR BUSINESS
    ORGANIZATIONS
    1) SOLE PROPRIETORSHIP-
    Sole proprietorship refers to a form of business organization which is owned, managed and controlled by an individual who
    is the recipient of all profits and bearer of all risks.
    2) PARTNERSHIP-
    Partnership is defined as an association of two or more persons who agree to carry on a business together and share the
    profits as well as bear risks collectively.
    3) CO-OPERATIVE SOCIETIES-
    A Cooperative society is a voluntary association of persons who get together to protect their economic interests.
    4) JOINT HINDU FAMILY BUSINESS-
    Joint Hindu family business is a business owned and carried on by the members of a Hindu undivided family, which is
    governed by the Hindu law.
    5)JOINT STOCK COMPANY-
    A company may be defined as an artificial person, existing only in the eyes of the law with perpetual succession and
    having a separate legal identity. Companies can be of 2 types– private and public.
    FINANCIAL STATEMENTS

    Financial statements are summarized statements of


    accounting data which provides information about the
    profitability and financial position of a business.
    1-Trading & P/L account
    2- Balance Sheet
    BALANCE SHEET OF A SOLE PROPRIETOR
    BALANCE SHEET OF A PARTNERSHIP
    BALANCE SHEET OF A COOPERATIVE SOCIETY
    BALANCE SHEET OF JOINT HINDU FAMILY BUSINESS
    BALANCE SHEET OF A COMPANY
    CONCLUSION

     The format of co-op society and company are given in act ,whereas sole
    proprietorship and partnership firms have Trading and P/L a/c.
     HUF has co-parcener`s share in capital.
     Owner`s equity section for company are often labelled as shareholders` equity.
     The Equity portion is presented differently in partnership firm and company.
     There are different formulas for calculating the financial position of the firm for
    different forms of organisations.
    THANK YOU

    NIDHI KABRA
    XI C

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