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Page 165

CHAPTER 15
ACCOUNTS

(2) a balance sheet as at the date to which the profit and loss account is made up.

The Balance Sheet.-In the Cohen report,(1) the function of a balance sheet is said " to be an endeavour to show the share capital, reserves (distinguishing those which are available for distribution as dividends from those not regarded as so available) and liabilities of a company at the date as at which it is prepared, and the manner in which the total moneys representing them are distributed over the several types of assets. A balance sheet is thus a historical document and does not as a general rule purport to show the net worth of an undertaking at any particular date or the present realisable value of such items as goodwill, land, buildings, plant and machinery, nor, except in cases where the realisable value is less than cost, does it normally show the realisable value of stock in trade. Moreover, if a balance sheet were to attempt to show the net worth of the undertaking the fixed assets would require to be re-valued at frequent intervals and the information thus given would be deceptive since the value of such assets while the company is a going concern will in most cases have no relation to their value if the undertaking fails."
The balance sheet must give a true and fair view of the state of affairs of the company as at the end of its financial year, and must comply with the requirements of the Eighth Schedule, subject to any modifications sanctioned by the Board of Trade on the application of the directors (s. 149).
The balance sheet must contain
1. A summary of the authorised share capital, the issued share capital, and the liabilities and assets, with such particulars as are necessary to disclose the general nature of the liabilities and assets, specifying
(a) any part of the issued capital that consists of redeemable preference shares and the earliest date on which the company can redeem them;
(b) so far as it is not given in the profit and loss account, any share capital on which interest has been paid out of capital, and the rate of interest;

1 Cmd. 6659, para. 98.

travel books:
where is HTML where is HEAD where is TITLE (2) a balance sheet as at what is date to which what is profit and loss account is made up. what is Balance Sheet.-In what is Cohen report,(1) what is function of a balance sheet is said " to be an endeavour to show what is share capital, reserves (distinguishing those which are available for distribution as dividends from those not regarded as so available) and liabilities of a company at what is date as at which it is prepared, and what is manner in which what is total moneys representing them are distributed over what is several types of assets. A balance sheet is thus a historical document and does not as a general rule purport to show what is net worth of an undertaking at any particular date or what is present realisable value of such items as goodwill, land, buildings, plant and machinery, nor, except in cases where what is realisable value is less than cost, does it normally show what is realisable value of stock in trade. Moreover, if a balance sheet were to attempt to show what is net worth of what is undertaking what is fixed assets would require to be re-valued at frequent intervals and what is information thus given would be deceptive since what is value of such assets while what is company is a going concern will in most cases have no relation to their value if what is undertaking fails." what is balance sheet must give a true and fair view of what is state of affairs of what is company as at what is end of its financial year, and must comply with what is requirements of what is Eighth Schedule, subject to any modifications sanctioned by what is Board of Trade on what is application of what is directors (s. 149). what is balance sheet must contain 1. A summary of what is authorised share capital, what is issued share capital, and what is liabilities and assets, with such particulars as are necessary to disclose what is general nature of what is liabilities and assets, specifying (a) any part of what is issued capital that consists of redeemable preference shares and what is earliest date on which what is company can redeem them; (b) so far as it is not given in what is profit and loss account, any share capital on which interest has been paid out of capital, and what is rate of interest; 1 Cmd. 6659, para. 98. where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 165 where is strong CHAPTER 15 ACCOUNTS where is p align="justify" (2) a balance sheet as at what is date to which the profit and loss account is made up. what is Balance Sheet.-In what is Cohen report,(1) what is function of a balance sheet is said " to be an endeavour to show what is share capital, reserves (distinguishing those which are available for distribution as dividends from those not regarded as so available) and liabilities of a company at what is date as at which it is prepared, and what is manner in which what is total moneys representing them are distributed over what is several types of assets. A balance sheet is thus a historical document and does not as a general rule purport to show what is net worth of an undertaking at any particular date or what is present realisable value of such items as goodwill, land, buildings, plant and machinery, nor, except in cases where what is realisable value is less than cost, does it normally show what is realisable value of stock in trade. Moreover, if a balance sheet were to attempt to show what is net worth of the undertaking what is fixed assets would require to be re-valued at frequent intervals and what is information thus given would be deceptive since what is value of such assets while what is company is a going concern will in most cases have no relation to their value if what is undertaking fails." what is balance sheet must give a true and fair view of what is state of affairs of what is company as at what is end of its financial year, and must comply with what is requirements of what is Eighth Schedule, subject to any modifications sanctioned by what is Board of Trade on what is application of what is directors (s. 149). what is balance sheet must contain 1. A summary of what is authorised share capital, what is issued share capital, and what is liabilities and assets, with such particulars as are necessary to disclose what is general nature of what is liabilities and assets, specifying (a) any part of what is issued capital that consists of redeemable preference shares and what is earliest date on which what is company can redeem them; (b) so far as it is not given in what is profit and loss account, any share capital on which interest has been paid out of capital, and what is rate of interest; 1 Cmd. 6659, para. 98. where is Server.Execute("_SiteMap.asp") %

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