The Modern Balance Sheet An Analysis of Company Finance
The Modern Balance Sheet An Analysis of Company Finance
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In our eReader you can find the full English version of the book. Read The Modern Balance Sheet An Analysis of Company Finance Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Modern Balance Sheet An Analysis of Company Finance
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The British Bank of South America ([1892], 2 Ch. 128) as indicated in his example of the financial principle of profit and loss. " A man's business, " he said, " is to make boots and shoes. He has 10, 000 which he takes into the business as capital. He makes boots and shoes and spends the whole . 10, 000 in doing it, and he sells and gets back from his customers a certain sum on the sale. He compares then assuming he has sold all what he has got back with his expenditure in producing the boots ...and shoes and putting them on the market and he finds that he has 10, 000, his DIVIDENDS AND CAPITAL. 73 capital intact, and the rest if there is a rest remain- ing in his hands is profit. On the other hand, if he has only 9, 000, his capital is not intact and he has lost. It is exactly the same principle that has to be applied to a trading company under the Companies Acts. " The loss to capital must be made good or it must be cancelled, and cancellation can only be done with the sanction of the Court.
What to read after The Modern Balance Sheet An Analysis of Company Finance?
You can find similar books in the "Read Also" column, or choose other free books by V St Clair Vivian St Clair Mackenzie to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The British Bank of South America ([1892], 2 Ch. 128) as indicated in his example of the financial principle of profit and loss. " A man's business, " he said, " is to make boots and shoes. He has 10, 000 which he takes into the business as capital. He makes boots and shoes and spends the whole . 10, 000 in doing it, and he sells and gets back from his customers a certain sum on the sale. He compares then assuming he has sold all what he has got back with his expenditure in producing the boots ...and shoes and putting them on the market and he finds that he has 10, 000, his DIVIDENDS AND CAPITAL. 73 capital intact, and the rest if there is a rest remain- ing in his hands is profit. On the other hand, if he has only 9, 000, his capital is not intact and he has lost. It is exactly the same principle that has to be applied to a trading company under the Companies Acts. " The loss to capital must be made good or it must be cancelled, and cancellation can only be done with the sanction of the Court.
What to read after The Modern Balance Sheet An Analysis of Company Finance?
You can find similar books in the "Read Also" column, or choose other free books by V St Clair Vivian St Clair Mackenzie to read onlineMoreLess
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