State the procedures an auditor should follow to verify the issue of share capital (a) For cash,
Question:
State the procedures an auditor should follow to verify the issue of share capital
(a) For cash,
(b) For consideration other than cash, and
(c) For employees as ‘sweat equity share’.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
The accounting firm of Barnes and Fischer, LLP, is a medium-sized, national CPA firm. The partnership, formed in 1954, now has over 4,000 professionals on the payroll. The firm mainly provides...
-
According to a study performed by the NCAA, the average rate of injuries occurring in collegiate womens soccer is 8.6 per 1000 participants (www.fastsports.com/tips/tip12/). a. Using the Poisson...
-
Two circular loops are parallel, coaxial, and almost in contact, 1.00 mm apart (Fig. P30.59). Each loop is 10.0 cm in radius. The top loop carries a clockwise current of 140 A. The bottom loop...
-
Listed below are selected financial data from the accounting records of Innovative Computers Pty Ltd for the year ended 30 June 2016. Cost of goods manufactured Ending finished goods Income Beginning...
-
Nielsen Media Research supplies statistical data that is very important to advertisers and marketers. Visit the Nielsen Web site and read about one or more of their data products. Write a brief...
-
Michael Scotto borrowed $ 2,970 from Cindy Vinueza. Both of their signatures appeared at the bottom of a note that stated, I Michael Scotto owe Cindy Vinueza $ 2,970 (two thousand and nine- hundred &...
-
Let f(x) = x+x-2. Part A: Give a formula for f(x+3). Write your answer in standard form. Hint f(x+3)= = Part B: Write the formula for f(x+3) in factored form. Hint f(x+3)= Part C: Find the roots of...
-
Explain the statements: (a) Information and means of information are by no means equivalent terms. (b) An auditor is liable for any damages sustained by a company by reason of falsification, which...
-
(a) Discuss the circumstances in which bonus shares can be issued by a company. (b) Enumerate the procedures to be followed. (c) Explain the duties of the auditor in relation to the above.
-
What treatment is given stock dividends and splits occurring after the balance sheet date but before the audit report is issued? Explain.
-
The graph of the formula in Exercises 131132 is shown. Use the graph to solve Exercises 133134. Identify your solution to Exercise 132 as a point on the graph. Data from exercise 132 In a round-robin...
-
Go to www.companyboardroom.com and find how many companies went "ex" on this day. What is the largest declared dividend? For the stocks going "ex" today, what is the longest time until the payable...
-
Go to the Web site of the Energy Information Administration, www.eia.doe.gov, and follow the links to find the current retail price of gasoline. How does the current price of regular gasoline compare...
-
The following information is taken from the records of the Kingland Manufacturing Company for the year ending 31 December 20X1. There were no beginning or ending inventories. 1. Prepare a...
-
On a hot summer day, your roommate suggests that you open the refrigerator to cool off your apartment. Choosing the entire apartment as the system, perform a fi rst-law analysis to decide whether...
-
From the following information, reconstruct the journal entries that were made by Rivers Corporation during 2011. *Includes net income of $40,000 for 2011. There were no dividends. Assume that...
-
Which of the following gives the range of y = 4 - 2 -x ? (A) (- , ) (B) (- , 4) (C) [- 4, ) (D) (- , 4] (E) All reals
-
Which of the following best describes when compliance of a control cannot be determined due to a lack of collected evidence? A. Not determined B. Not applicable C. Compliant D. Answers A and B
-
Which of the following best describes a business that is found to have unlicensed software installed throughout the environment? A. They have violated export restrictions on cryptographic software....
-
Which one of the following is not a privacy principle as identified by GAAP? A. Secrecy B. Choice and consent C. Collection D. Use and retention E. Disclosure to third parties
-
Describe the Canadian legal system and the differences between common law and civil law legal system.
-
What is the relationship between law and ethics? Give an example of a legal rule and an example of an ethical rule.
-
An employer retained a third-party administrator ("TPA") to manage the day-to-day operations of its ERISA-covered 401(k) retirement plan that it sponsored for its employees. The TPA, in turn, hired a...
Study smarter with the SolutionInn App