Summary Everything you need for Bookkeping

Book-Keeping


Company


 Types of economic units

 Public budget
 Private person
 Enterprise
o Company
 Functional term: company is deemed to exist if a legal or natural
person in entrepreneurially planning and operating
 Institutional term: company requires a commercial activity in the
economy and a minimum level of institutional means
o Public authorities and administrations




 AG = Aktiengesellschaft
 GmbH = Gesellschaft mit beschränkter Haftung
 KGaA = Kommanditgesellschaft auf Aktien
 OHG = Offene Handelsgesellschaft



OBS: From an economic point of view every company is a “person”

 How does money get into the company?

 Capital investment becomes equity capital (usually made by owners)
 In-kind investment is the addition of assets

 Who is authorized to open a commercial account?

 Managing director

,  Forms of capital

 Equity capital (provided by owner)
 Debt capital (provided by creditor)
o Banks
o Suppliers
o Private

 Accounting equation

 Assets = liabilities + capital



 9000 CU from owner’s account
 1000 CU from gramma’s gift
 1000 CU loan from parents




 Assets

 Fixed assets
o Assets that should serve the company for a long term (more than one year)
 Current assets
o Serve the company for a short term (less than one year)



 In-kind investment of 4000 CU worth machines and tools