Limited company and Receivables: Difference between pages

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Abbreviation for Limited liability company.
1.


In a limited liability company the liability of the members is restricted to a predefined amount.
''Accounting.'' 


In the case of a company ''limited by shares'' the members' liability is restricted to the amount, if any, unpaid on the shares they hold.  
Amounts which are due to be received by a reporting entity.


Almost all commercial companies are of this type.


2.


In a company ''limited by guarantee'' the liability of the members is restricted to a predefined amount which the members guarantee to contribute (on the event of any winding up of the company).
All amounts due from obligors both under trading contracts and under negotiable instruments.




== See also ==
== See also ==
* [[Limited liability]]
* [[AR]]
* [[Unlimited company]]
* [[Debtors]]
* [[Direct collection]]
* [[General provision]]
* [[Loans and receivables]]
* [[Negotiable instrument]]
* [[Obligor]]
* [[Payables]]
* [[Receivable put]]
* [[Receivables finance]]
* [[Receivables management]]

Revision as of 14:07, 20 June 2016

1.

Accounting.

Amounts which are due to be received by a reporting entity.


2.

All amounts due from obligors both under trading contracts and under negotiable instruments.


See also