This report provides an overview of business accounting, focusing on different company structures. It begins with an introduction to corporate finance and the role of accounting in recording, analyzing, and submitting budgetary information to support company growth. The report then delves into various business structures, including sole traders, partnership firms, private limited companies, and public limited companies. For each structure, the report outlines key characteristics, advantages, and considerations. The report highlights the importance of financial reporting in enterprise and emphasizes the role of accounting in providing a framework for achieving corporate goals, and the importance of accurate financial statements. The report concludes by summarizing the key takeaways and providing a list of references. The report covers how accounting assists in making declarations like statements of income, alignment, and cash flow. The declaration of revenues gives an idea of the company's costs and revenues. All costs are charged and revenues are credited. Capital structure has cash flows of two sides. Assets that are plants and machinery, cash, money are credited.
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