An amount payable at a later date as a result of a change in legislation due to extraordinary circumstances. Both company registration number and business registration number are the “brand” that marks your company as distinct, legally. You will need to quote these numbers when interacting with Companies Registry, Inland Revenue Department and setting up a company bank account in Hong Kong. The business registration license must be renewed every year, unless you have chosen to pay for 3 years instead of 1.

• While CR/CSR was initially a voluntary commitment made by organisations, legislation has seen greater emphasis placed on more explicit reporting of a range of measures around environmental and social plans, performance and actions.
• Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders.
• This website is using a security service to protect itself from online attacks.

They are the Company Registration number and Business Registration number. You get them automatically at the time you register the company. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.

How Debits and Credits Affect Account Types

I got my start in education as a teacher, working with students in grades K-12. After several years of teaching, I transitioned into the world of educational consulting. I’ve since worked with schools and districts all over the country, helping them improve their curriculums and instruction methods. CreditBACS – Previously known as Bankers’ Automated Clearing Services, this is the system which businesses use to pay wages directly into an employee’s account. Hence, there are two important Company Numbers as identity numbers (ID) for Hong Kong Companies.

Most organisations are already doing something positive under the Corporate Responsibility/ Corporate Social Responsibility heading, but have not fully recognised it as such. Examples include charity work, good workplace health, safety and wellbeing, community programmes, environmental initiatives around net zero, waste and recycling and social value. What HR is doing may not always be visible to facilities and visa versa. By having a management review from an external consultant, you can pull all these efforts together and create a plan for sustainable improvement within your business.

If You couldn’t find full form or meaning of CR You were looking for, try these related abbreviations:

They are regulated by different laws and different registration systems administered by separate government departments. Over years, I often come across the same questions from different business owners, “What is my tax number? ” It seems that there are many confusions caused about these ID numbers. Today, I would like to clarify and explain further with you.

Understanding Debit (DR) and Credit (CR)

In double-entry accounting, CR is a notation for “credit” and DR is a notation for debit. Credit is a term used to mean “what is owed,” and debit is “what is due.” Understanding how to use CR and DR will help you make sense of a company’s balance sheet and gain useful insight into the increases and decreases of key accounts. The Enhanced Directors Report (EDR) means that large and medium UK companies must report on the position and prospects of the business, including details of major risks and uncertainties. Although not created under the label of CR/CSR, legislation that acts to protect the environment, human rights, employee’s working conditions etc. are all part of CR. Therefore, not only does good CR ensure compliance, it also provides the company with a head start on any new legislation in the future.

The license must be displayed in a conspicuous area at the address where the business activity is carried on and should be produced for official inspection on demand. An authorized inspector who sends by Inland Revenue Department has power to enter your office or store to make examination and inquiry as may be necessary. Assurity Consulting Ltd is the UK’s leading independent workplace health, safety and environmental compliance consultancy. Our consultants support organisations across the UK with risk assessments, help, advice and training on workplace health & safety, environmental compliance and ISO 14001. Assurity Consulting is the UK’s leading independent compliance consultancy specialising in workplace health, safety and environmental solutions.

List of business and finance abbreviations

Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison variable overhead efficiency variance in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem.

Business Registration (BR) Number VS Company Registration (CR) Number

CR-Team is an independent cyber security provider with a focus on securing Industrial Automation and Control Systems (IACS). We provide a broad spectrum of security services to enhance the resilience of your OT infrastructure and defend the continuity of your operations. A concentration ratio (CR) is a metric used in economics to express the distribution of companies in a particular industry relative to the size of the market.

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Let’s review the basics of Pacioli’s method of bookkeeping or double-entry accounting. On a balance sheet or in a ledger, assets equal liabilities plus shareholders’ equity. An increase in the value of assets is a debit to the account, and a decrease is a credit.