Briefly explain each of the following expressions that you have seen in the financial statements of a

Question:

Briefly explain each of the following expressions that you have seen in the financial statements of a limited company:
(a) dividend
(b) audit fee
(c) share premium account.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...