Secretarial practice

Bibliographic data

Monograph

Identifikator:: 1828236004

URN:: urn:nbn:de:zbw-retromon-249926

Document type:: Monograph

Title:: Secretarial practice

Edition:: fourth edition

Place of publication:: Cambridge

Publisher:: W. Heffer & Sons Ltd

Year of publication:: 1930

Scope:: viii, 987 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XVI. Balance street and audit

Collection:: Economics Books

2 i i SECRETARIAL PRACTICE stating how the values of the fixed assets have been arrived at (e.g. ‘at cost’) [s. 124 (1)]. The Act contains no definition of ‘fixed assets’ or ‘floating assets,” and it is difficult to lay down that any parti- cular asset necessarily falls into either class as an asset may be fixed or floating, having regard to the nature of the company’s business, but in many cases the dividing line will be the same as that between ‘fixed capital’ - and ‘circulating capital,” as to which see below p. 189, and Ammonia Soda Co. v. Chamberlain (1918) 1 Ch. 266 especially at pp. 274, 286, 297. If there is a doubt whether any particular asset is fixed or floating the method of valuation should be given. If the company has issued redeemable preference shares, the balance sheet must specify what part of the issued capital consists of such shares and the date on or before which the same are or are to be liable to be redeemed {s. 46 (2)]. 11) Show under separate headings, so far as not written off (a) the preliminary expenses of the company; (b) any expenses incurred in connection with the issue of shares or debentures; (c¢) if ascertainable from any of the sources indicated in the section, the amount of the goodwill and of any patents and trade marks [s. 124 (2)]; (4d) any underwriting commission paid or allowed [s. 44 (1)]; (¢) any discount allowed on the issue of shares [s. 47 (3)]. Show as a separate item any outstanding loans made in connection with the purchase by any person of shares in the company under the authority of provisos (b) or (c) tos. 45 (1) [s. 45 (2)1. If any liability of the company is secured otherwise than by operation of law on any assets of the company, state that such liability is so secured (but the assets comprised in the security need not be specified) [s. 124 (3). (v) If the company has power to re-issue any debentures which have been redeemed, contain particulars of such debentures [s. 75 (3)]- (vi) If any of the assets of the company consist of shares in or amounts owing by a subsidiary company as defined by s. 127 (see infra. p. 180), show as a separate item the aggregate amount of such assets, distinguishing shares and indebtedness (s. 125). (iv)

Access restriction

Copyright

Object: Secretarial practice

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation