Principles of Auditing

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William G. Hewitt Press, 1916 - Auditing - 196 pages
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Page 1 - Accountancy is a profession having to do with the recording, verification and presentation of facts involving the acquisition, production, conservation and transfer of values. Accountant: One skilled in the science of accounting. Accounting: Accounting is the science which treats of the systematic record, compilation, and presentation in a comprehensive manner of the financial operations of a business. Accrual : (1) The act of accruing.
Page 99 - It is difficult to lay down any hard and fast rule as to when the crop should be cut.
Page 80 - ... have been discovered therein, and that, if he fails% to do so and the bank is thereby misled to its prejudice, he cannot afterwards dispute the correctness of the balance shown in the pass book. In Dana v.
Page 174 - December 31, 1933, and Statements of Income and Profit and Loss for the year ended that date, are correct. HASKINS & SELLS, Certified Public Accountants.
Page 174 - WE HEREBY CERTIFY that the herein submitted Balance Sheet and Statement of Profit and Loss are correct and, in our opinion, subject to the accompanying comments, reflect the true financial condition and operation results respectively on such date.
Page 73 - At the end of the day, and at the end of the novel, Mellors has to have a job: 'I've got to work, or I should die
Page 92 - ... reserves from the beginning of the period to the end of the period and the dollar figure thus obtained would be substracted from the stautory underwriting loss.
Page 148 - Bonds may be registered as to principal or as to both principal and interest. Bonds once registered as to principal and interest cannot be exchanged for coupon bonds.
Page 172 - ... made, in Committee of Supply, to omit or reduce any item of a Vote, a question shall be proposed from the Chair for omitting or reducing such item accordingly ; and members shall speak to such question only, until it has been disposed of. That when several motions are offered, they shall be taken in the order in which the items to which they relate appear in the printed Estimates.
Page 80 - US 96, 6 Sup. Ct. 657, 29 L. Ed. 811, it was held that a depositor is bound personally or by his agent, and with due diligence, to examine the pass book and vouchers, and to report to the bank without unreasonable delay any errors which may have been discovered therein, and that, if he fails to do so and the bank is thereby misled to its prejudice, he cannot afterwards dispute the correctness of the balance shown in the pass book. In...

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