Public Accounting and Auditing...South-western publishing Company, 1920 - Accounting |
From inside the book
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Page 2
... Counting the Cash Verifying the Bank Balance Reconciling the Bank Certificate 3. Auditing Procedure Bank Certificate Working Papers The Law of Contracts ( Continued ) Assignment of Contracts Novation Discharge of Contracts CHAPTER V ...
... Counting the Cash Verifying the Bank Balance Reconciling the Bank Certificate 3. Auditing Procedure Bank Certificate Working Papers The Law of Contracts ( Continued ) Assignment of Contracts Novation Discharge of Contracts CHAPTER V ...
Page 8
... count of fire loss . ( e ) As an aid to bonding . ( f ) Protecting stockholders and bondholders . ( g ) To facilitate the sale of a business . ( h ) As a basis of recovery for negligence on the part of a previous auditor . John R ...
... count of fire loss . ( e ) As an aid to bonding . ( f ) Protecting stockholders and bondholders . ( g ) To facilitate the sale of a business . ( h ) As a basis of recovery for negligence on the part of a previous auditor . John R ...
Page 23
... be along lines similar to the following : 1. Count the cash ; verify bank balances ; read minutes . 2 . List notes and securities on hand . 3 . ledger . If a Trial Balance is furnished KINDS OF AUDITS 23 Detailed Audit.
... be along lines similar to the following : 1. Count the cash ; verify bank balances ; read minutes . 2 . List notes and securities on hand . 3 . ledger . If a Trial Balance is furnished KINDS OF AUDITS 23 Detailed Audit.
Page 28
... counts representing mercantile income , income from commis- sions , income from professional fees , banking income , etc. The exact classification will depend upon the nature of the business . If a business is a mercantile business ...
... counts representing mercantile income , income from commis- sions , income from professional fees , banking income , etc. The exact classification will depend upon the nature of the business . If a business is a mercantile business ...
Page 33
... . The record shows the date , name of the account debited and amount , name of the ac- count credited and amount , and the explanation or infor- mation for the auditor . " 17 Roy B. Kester , C. P. A. , in his 33 Books of Original Entry.
... . The record shows the date , name of the account debited and amount , name of the ac- count credited and amount , and the explanation or infor- mation for the auditor . " 17 Roy B. Kester , C. P. A. , in his 33 Books of Original Entry.
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Common terms and phrases
accounts payable accounts receivable accrued adjusting entries auditor bad debts Balance Sheet audit bank Blank Manufacturing bookkeeper books of account buildings C. P. A. Ind Capital Stock cash book certificate charged client columns contract controlling account corporation cost price creditors current assets current liabilities customers debit deducted dividends endorsement expenditures expenses fiscal period fixed assets included Income Tax Inst inventory investments invoices journal entries junior ledger accounts Liberty bonds ment merchandise method mortgage necessary negotiable instruments nominal accounts notes payable notes receivable paid par value payment preferred stock premium prepared Profit and Loss purchased real estate record reserve for depreciation sales ledger securities selling shares shown Sinking Fund sold statement stockholders subsidiary ledger Surplus tion trade transactions treasury stock Trial Balance trustee usually verify voucher XX XXXX.XX XXXX.XX XX XXXXX XXXX.XX XXXX XXXXX.XX XXXXX.XX
Popular passages
Page 76 - Where the instrument is addressed to a drawee he must be named or otherwise indicated therein with reasonable certainty.
Page 78 - But if any such instrument, after completion, is negotiated to a holder in due course, it is valid and effectual for all purposes in his hands, and he may enforce it as if it had been filled up strictly in accordance with the authority given and within a reasonable time.
Page 126 - The cost of incidental repairs which neither materially add to the value of the property nor appreciably prolong its life...
Page 126 - All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered...
Page 78 - And a signature on a blank paper delivered by the person making the signature in order that the paper may be converted into a negotiable instrument operates as a prima Jade authority to fill it up as such for any amount.
Page 77 - An instrument which contains an order or promise to do any act in addition to the payment of money is not negotiable. But the negotiable character of an instrument otherwise negotiable is not affected by a provision which: 1. Authorizes the sale of collateral securities in case the instrument is not paid at maturity; or 2.
Page 77 - Does not specify the place where it is drawn or the place where it is payable ; or 4.
Page 90 - A contract to sell goods is a contract whereby the seller agrees to transfer the property in goods to the buyer for a consideration called the price.
Page 172 - A bill is negotiated when it is transferred from one person to another in such a manner as to constitute the transferee the holder of the bill. (2) A bill payable to bearer is negotiated by delivery. (3) A bill payable to order is negotiated by the indorsement of the holder completed by delivery.
Page 185 - Debt expense" means all expenses in connection with the issuance and sale of evidences of debt, such as fees for drafting mortgages and trust deeds: fees and taxes for issuing or recording evidences of debt cost of engraving and printing bonds, certificates of indebtedness, and other commercial paper...