Modern Accounting Its Principles And Some of Its Problems
The book Modern Accounting Its Principles And Some of Its Problems was written by author Henry Rand Hatfield Here you can read free online of Modern Accounting Its Principles And Some of Its Problems book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Modern Accounting Its Principles And Some of Its Problems a good or bad book?
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Here most important principles were raised in the Court of Appeal, but these were questioned but not reversed in the House of Lords, the decision being made on a technicality as to the defendant's responsibility. Dovey v. Cory [1901] A. C. 477. 202 MODERN ACCOUNTING decision is at best a decision as to what profits are avail- able for dividends, rather than as to what constitutes profits. In England the discussion has been clearer than in the United States. It has been especially favored by the... ex- ceptional form for the Balance Sheet provided for parlia- mentary companies. The fact that the Capital account is here kept separate, as in the simple form Form 73. Dr. Capital Account. Cr. Capital assets Balance £95,000 5,000 Shares. £100,000 £100,000 £100,000 Dr. Balance Sheet. Cr. Balance of Capital Account £5,000 Accounts payable 20,000 Profits 5,000 £30,000 Bills receivable £15,000 Cash 15,000 £30,000 seems to encourage the idea that the Capital account, or at least the plant purchased with receipts from capital have little or nothing to do with the profits exhibited in the Balance Sheet.
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