Limited Companies II
Commerce SSS2 First Term
WEEK 8
Limited Companies II
Performance Objectives
The student should be able to:
1. State the advantage and disadvantages of limited companies.
2. Differentiate between loan and overdraft.
3. Define shares.
Content
Sources of capital for limited companies
1. Shares: A share can be defined as the individual portion of the company's capital owned by shareholders. It is the interest which a shareholder has in a company. In other words, a share is a unit of capital measured by a sum of money. The Company Act defines a share as The interest in a company's share capital of a member who is entitled to share in the income.... View More
Subscribe now to gain full access to this lesson note
Take Me ThereClick here to gain access to the full notes.