Public Company is also called Limited Company.
There are minimum seven member sin Public Company and no limit for maximum members/ partners.
The audit of Public Limited Company is Compulsory.

Minimum members / partners of Private Company are 02 and maximum should be 50.
The audit of Private Company is not Compulsory.

Straight Line Method
Annuity Method
Depreciation Fund Method
Revalution Method
Reducing Method

A financial market is a word that describes a marketplace where bonds, equity, securities, currencies are traded.

There are four types of Pension:
Compensation Pension
Invalid Pension
Superannuation Pension
Retiring Pension

The Journal is a French language word and derived from “Jour” which means day. Therefore, the meaning of Journal is daily.
Transactions are recorded on daily basis in Journal.

Transaction
Journal
Ledger
Trial Balance
Final Account

Prepaid Expenses are those expenses which are paid in advance for example Rent, Mobile Load, Insurance and Etc.