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marin [14]
3 years ago
9

Government company meaning

Business
2 answers:
zimovet [89]3 years ago
7 0

Answer:

A government company is a company registered under Indian Companies Act in which not less than 51% of paid up shares captital is held by the central government or any state government partly by one or more state governments. Private participation in captail and mangment is not allowed in this form of organization. It enjoys faniancial autoonmy and has idependent staffing system. Such a company does not have to worroy about auditing, accounting and bugetary contols.

denis23 [38]3 years ago
6 0

Answer:

A government company is a company registered under the Indian Companies Act in which not less than 51% of paid up share capital is held by the central government or any state government or partly by central government partly by one or more state governments.

Explanation:

A government company is a company registered under the Indian Companies Act in which not less than 51% of paid up share capital is held by the central government or any state government or partly by central government partly by one or more state governments.

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The records of Lohse Stores included the following data: Inventory, May 1, at retail, $14,500; at cost, $10,440 Purchases during
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Answer:

$9,3

Explanation:

                             COST    RETAIL    RATIO

Inventory, May 1 $10,440        $14,500 .72

Purchases           31,550            42,900

Freight-in          2,000

Purchase discounts

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Net markups                                  3,400

Net markdowns                           (1,300)

Totals excluding beginning inventory

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Estimated inventory, May 31

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2 years ago
Roselawn Company reported net sales of $90,000 and net income of $18,000 for the previous year ended December 31. The company re
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Answer:

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Explanation:

Use the following formula to calculate the Profit Margin

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Please answer this question...
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Answer: yes! Aww thanks, you too :))

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