What are the qualities of good money material
What is the role of money in a capitalistic economy and socialistic economy
What is barter system? what were the main difficulties of the barter system
Define Money What are the functions of money? Money is that what money does
Define dividend and what are the duties of auditor relating to dividends
What are capital profits? Are these available for distributor as dividend
Determination of profits how these effect the different parties
Define divisible profits and explain the main principles of divisible profit
Write a note on the following, 1. Sinking fund 2. Depreciation fund 3. Reserve fund 4. Intangible assets 5. Capital expenditure 6. Revenue expenditure
Write a note on the following, 1. Contingent liability 2. Contingent assets 3. Provision 4. General reserves 5. Revenue reserve 6. Capital Reserve
Discuss the advantages and disadvantages of secret reserves or Explain the objects and importance of secret reserves
What are the secret reserves and what are the different ways of creating the secret reserves and what are the duties of an auditor in respect of secre