Companies

Amalgamation
Amalgamation is the combination of two or more companies into a single entity, either by acquisition, merging, or dissolution and reconstitution as a new company.
Historical Summary
A voluntary statement appearing in the annual accounts and report of some companies in which the main financial results are given for the previous five to ten years.
Loss Reliefs
Relief available to sole traders, partnerships, and companies making losses, as adjusted for tax purposes.
Person
An individual, trust, estate, partnership, association, company, or corporation having certain legal rights and responsibilities.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.