||Rules to be followed in the preparation of company accounts.
||Amount owed to trade creditors and included as current.
||Invoiced or billed amounts owing to a business which are outstanding from balance sheet.
||All limited liability companies (incorporation) must file accounts or financial statements for public inspection each year.
||Annual general meeting(AGM)
||All public limited companies (incorporation) in the UK are required by law to invite all shareholders to a general meeting with directors each year.(US = annual meeting, annual stockholders’ meeting.) Among other things the meeting elects directors, appoints auditors and fixes their remuneration.
||Articles of association
||Memorandum of association.
||Something that has value or earning power
||A company over which another company has some influence, normally through a minority shareholder of less than 50 per cent but more than 20 per cent.
||The verification of accounts by an external accountant. Larger limited companies (Incorporation) are required under the Companies acts to have their accounts audited by a member of a recognized accountancy body.
||The amount of share capital fixed in the memorandum of association and the articles of association of a company as required by the companies acts.
||A single number calculated to summarize a group of numbers.