Persons who agree to form a company under the law and once so formed it becomes a separate legal entity having perpetual succession with a distinct name of its own and a common seal its introduction to company accounts 1 2 india company accounts learning objectives. Form and content of company accounts comprehensive coverage of disclosure requirements of the companies act 1985 ssaps and the yellow book. All expense accounts from the trial balances are written under expenses it includes all expenses depreciation interests paid etc plus any ammortization expenses on the income side it comes the income from business operations and other incomes if any. Form and content of company accounts comprehensive coverage of disclosure requirements of the companies acts 1985 and 1989 ssaps and the yellow book coopers lybrand deloitte bringing together the statutory and other disclosure requirements for company accounts this book contains a guide to the disclosure requirements and specimen accounts