Accounts and audit, Business Law and Ethics

Assignment Help:

ACCOUNTS AND AUDIT:

By s.147(1) every company shall cause to be kept in the English language "proper books of account" with respect to -

(a) all sums of money received and expended through the company and the matters in respect of which the receipt and expenditure takes place;

(b) here all sales and purchases of goods by the company;

(c) here the assets and liabilities of the company.

S.147(2) provides like "proper books of account" shall be deemed not to have been kept with regarding to the matters aforesaid whether there are not kept such books as are basically to give a true and fair view of the state of the company's affairs and to explain its transactions.

with s.147(3) (a) the books of account are to be kept at the registered office of the company or, by the consent of the registrar and subject to such conditions as he may impose, at there such other place as the directors think fit, so and shall at all times be open to inspection through the directors.


Related Discussions:- Accounts and audit

Ratified - pre-incorporation contract, Ratified - pre-incorporation contrac...

Ratified - pre-incorporation contract: If the agreement is a written one and it shows that the proposed company was the contracting party the promoters will not be allowed to

Challenging an arbitral award, Challenging an Arbitral Award Conversel...

Challenging an Arbitral Award Conversely a party dissatisfied through an arbitral award any challenge that it in the High Court and the High Court might set it aside whether i

Provisional contracts - law of contract, Provisional Contracts - Law of Con...

Provisional Contracts - Law of Contract However occasionally an agreement may be illustrated through the parties thereto as being as "a provisional agreement" until a legally

Formation and partners - partnership law, Formation and Partners - Partners...

Formation and Partners - Partnership Law However the Partnership Act does not prescribe rules to the formation of a partnership.  Therefore a partnership may be formed like:

Constitutional law for criminal justice, I have Ten writing assignments for...

I have Ten writing assignments for "Constitutional Law for Criminal Justice". They all have to be a minimum of 250 words and APA formatted in-text citations and a reference list wi

Contents of group accounts, Contents of Group Accounts: By s.152(1), t...

Contents of Group Accounts: By s.152(1), the group accounts laid before a company shall give a true and fair view of the state of affairs and profit or loss of the company and

Explain immunities of international organizations, Explain Immunities of in...

Explain Immunities of international organizations The immunities of international organizations are almost always specified in a treaty between the organizations and the host

Registration of prospectus, Registration of Prospectus:  S.43 (1) prov...

Registration of Prospectus:  S.43 (1) provides that no prospectus shall be issued by or on behalf of a company unless, on or before the date of its publication, there has been

Explain the international law and municipal law, INTERNATIONAL LAW AND MUNI...

INTERNATIONAL LAW AND MUNICIPAL LAW   International law is defined as a law between sovereign states and it is implemented to certain subjects such as the States. There are variou

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd