Newly established business
entities can choose a date for the initial accounting period. After that,
accounts must be closed every twelve months.
If an entity wants to change its
accounting period, it must obtain written approval from the Commercial
Registration Department and the Revenue Department.
The Accounts Act 2000 regulates
the rules regarding accounting of accounts and supporting documents.
The law also stipulates
qualifications from bookkeepers, who must be Thai residents, proficient in
Thai, and graduates from vocational high schools or universities with a minimum
Bachelor of Accounting degree.
The Civil and Commercial Code
also provides general rules about accounts that must be maintained.
Recording accounting entries can
be done in English, but a Thai translation must be added. All accounting
entries must be written in ink, typed or printed. The computerized accounting
system should be registered with the Department of Commerce and the Department
When an investor buys shares in a
company or organization, they effectively buy part of that company or
organization, or part of it if you want. Furthermore, the company’s performance
will determine the value of shares, and overall investment. Because stock
performance is related to earnings, companies that perform well will see an
increase in the value of shares, with the opposite effect associated with
companies that perform poorly.
Investors in a company are called
shareholders, and they receive payments in the form of dividend payments that
fluctuate in the company’s overall performance.
Investments in stocks are also
known as ‘stocks’ and ‘equity’, and the stock market falls into two separate
categories, the primary market and the secondary market.
There is only one reason for
companies to sell shares and that is to increase capital to develop it. The
company does this in two ways.
I hate paying for cable television, but I love watching the shows that come on it. I used to pay with money from my paycheck, but now I pay using profit that I’ve made from trading bitcoin. I use the Bitcoin Evolution official app to make my daily trades and monitor the state of the market. The price of bitcoin will change and give me an opportunity to make some good trades. I can easily make enough money to pay for a year of cable in a couple of months, just by doing nothing but trading.
I even used some of my bitcoin profit to pay for a new cable box.…