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ltd accounting
Ltd accounting refers to the financial management and reporting practices specific to limited companies. These entities are legally separate from their owners, requiring distinct accounting processes to ensure compliance with regulations. Ltd accounting involves preparing annual financial statements, managing corporation tax, and filing returns with relevant authorities. It also includes maintaining accurate records of income, expenses, assets, and liabilities. Effective Ltd accounting ensures transparency, supports decision-making, and enhances credibility with stakeholders, making it essential for the sustainable growth and legal compliance of limited companies.