FinTax24

Glossary

Terms Starting with "B"

4 terms found

Balance Sheet

A Balance Sheet shows what a company owns and what it owes. You can read the cash, stock and debt on one date. It is also part of the accounts.

Accounting & Audit

Board of Directors

Board of Directors is the group that runs a company. They hire the top people and check the books. They also sign the key papers for the firm.

Corporate Law

Bonus

Bonus is a part of your salary that the law asks a firm to pay. It falls under the Payment of Bonus Act, 1965. The amount is set by your pay and profit.

HR, Payroll & Labour Law

Bonus Share

Bonus Share means free shares a firm gives to all its owners. The count rests on the shares you hold. It comes from the firm's reserves. No cash is paid out.

Corporate Law