According to Taylor and Perry," Investigation involves enquiry into facts behind the books of accounts, into technical, financial and economic position of the business or organisation."
Different Classes:
1. On behalf of a purchaser to ascertain the earning capacity
2. On behalf of an incoming partner
3. On behalf of a lender
4. Investigation when fraud is suspected
5. Investigation under Indian Companies Act, 1956
6. On behalf of a person intending to invest in a company
7.Investigation to ascertain the amount of compensation payable on
the compulsory removal of business
Tuesday, September 29, 2009
Friday, September 25, 2009
LIABILITIES OF AN AUDITOR
1. Contractual liabilities
2. Statutory liabilities
****a. Under Companies Act
*******i. Civil liabilities
**********I. Liabilities for negligence
**********II. Liabilities for misfeasance
*******ii. Criminal liabilities
****b. Under Indian Penal Code
3. Towards third parties(bank, public, creditors, government etc)
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Thursday, September 24, 2009
UNCLAIMED DIVIDEND
Unclaimed dividend is that part of the dividend declared
by the company but not claimed by the shareholders with
in a period of 42 days from the date of declaration of such
dividend.
Also visit www.princyfrancis.blogspot.com
by the company but not claimed by the shareholders with
in a period of 42 days from the date of declaration of such
dividend.
Also visit www.princyfrancis.blogspot.com
Wednesday, September 23, 2009
ANNUAL DIVIDEND
Annual dividend is the dividend declared at the end of the financial
year when the profit and loss account is prepared and divisible
profits are ascertained.
INTERIM DIVIDEND
It is the dividend declared by a company at any time between two annual general meetings of the company.
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Tuesday, September 22, 2009
Dividend
DIVIDEND
Dividend means that portion of the profit of a company which is to be distributed to the shareholders.
Dividends can be
Dividend means that portion of the profit of a company which is to be distributed to the shareholders.
Dividends can be
- Final or Annual Dividend
- Interim Dividend
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Monday, September 21, 2009
Divisible Pofit
DIVISIBLE PROFIT
The primary objective of running a business unit is to earn profit
simply it can be said as the excess of income over expenditure during a given period
the profit of a company which is distributed to the shareholders as dividend is called divisible profit
Tomorrow there is a public class about divisible profit at 6.30 pm on www.wiziq.com
The primary objective of running a business unit is to earn profit
simply it can be said as the excess of income over expenditure during a given period
the profit of a company which is distributed to the shareholders as dividend is called divisible profit
Tomorrow there is a public class about divisible profit at 6.30 pm on www.wiziq.com
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