The money or property obtained by an organization as a result of a will upon the contributors’ death is referred to as a legacy. In other terms, legacy in accounting are gifts made by an individual in his will, and these gifts are referred to as legacies. What is Legacy in Accounting A Legacy is …
The main difference between amalgamation and absorption is, when two companies come together and build up a new company then that is called amalgamation whereas if a company takes over another company and make it a new company then that is called absorption. It means when two companies want to expand their business and they …
The main difference between member and shareholder is, a member is a person whose name is entered in the register of members of the company while a shareholder is a person who buys and hold the share of the company. It means shareholders and members are very different from each other where one of the …
