Accounting For Share capital

A company form of organisation is the third stage in the evolution of

Forms of organisation. Its capital is contributed by a large number of
persons called shareholders who are the real owners of the
company. But neither it is possible for all of them to participate in
the management of the company nor considered desirable.
Therefore, they elect a board of Directors as their representative to
manage the affairs of the company. In fact, all the affairs of the
company