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Limited company basics

How a company's accounts differ from a sole trader's: shares, reserves, dividends, corporation tax, and the people who read the result.

Premium5 rooms46 questions47 min
See the first roomShare capital and reserves

Rooms in this module

  1. Share capital and reserves10 min, hardPremium
  2. Dividends: how a company pays its owners9 min, hardPremium
  3. Corporation tax in a company's accounts9 min, hardPremium
  4. How a company's financial position is laid out10 min, hardPremium
  5. Who uses a company's accounts, and what for9 min, hardPremium

How this works

Each room answers one problem. A task is a few lines of reading, then questions you answer in the books: post to an account, type a figure, sort, match or write a journal. Every answer is marked at once, with the rule behind it. There are no videos.

Questions

How many rooms and questions are in Limited company basics?

5 rooms and 46 questions. Every question is marked at once.

How long does it take?

About 47 minutes in all. A room takes 9 to 10 minutes, so you can do one at a time.

Is it free?

No. These rooms need Premium. Each room shows the start of its first task before you pay.

What should I do first?

Changes in a partnership. It is the module before this one in Final accounts.