Define dividend and what are the duties of auditor relating to dividends
DIVIDENDS :- The return on investment in share is called dividend. It is the part of the profit earned by the company.…
DIVIDENDS :- The return on investment in share is called dividend. It is the part of the profit earned by the company.…
CAPITAL PROFITS :- Those which are not entered during the course of business are called capital profits or non trading…
PROFIT :- The amount of income which is excess than the expenditure of the business during a given period is called pr…
DIVISIBLE PROFITS :- According to black and white publishing company (1901) "Profit available for dividend means …
1. SINKING FUND :- It is accounting term for cash set a side out of the profits for the particular purpose and investe…
1. CONTINGENT LIABILITY :- It is a liability which is not a natural liability but happening of an uncertain event it m…
OBJECT OR IMPORTANCE OR ADVANTAGES OF SECRET RESERVE :- Following are the important advantages of secret reserves : …
SECRET RESERVES :- "A reserve which is not visible on the balance sheet is called secret reserves." It is a…
INVESTIGATION ON BEHALF OF TH PURCHASER OF THE RUNNING BUSINESS:- The purchaser of the business wants to know the real…
KINDS OF INVESTIGATION :- Following are the important kinds of investigation : 1. Investigation for the purchase of…
INVESTIGATION : Meaning :- When for a special purpose an inquiry is made into the accounts of the business it is call…
REASONS or FEATURES OF QUALIFIED REPORT :- Following are the important reasons of presenting the qualified report : …
QUALIFIED REPORT :- " Annual report of the auditors which contains previous discrepancies or errors discovered by…
ANNUAL REPORT :- Annual report is required for every public company where audit is compulsory. In the annual general m…
PROSPECTIVE REPORT OR REPORT FOR INCLUSION IN PROSPECTUS :- If it is running business auditors report included in the …
STATUTORY REPORT :- The report which is submitted by the directors in the first general meeting of the shareholders is…
AUDIT REPORT :- Auditor's independent opinion regarding the account examined by him is called audit repot. Report…
1. LIABILITY OF NEGLIGENCE :- A person who is appointed auditor, he should perform his duties by using the reasonable…
RIGHTS OF AN AUDITOR :- Following are the important rights of the auditor : 1. Access To Books :- It is a right of…