How to audit the share capital transactions of a newly established company?

Applications
Audit of Share Capital: The auditor should examine the following books and documents for the purpose of auditing Share Capital newly issued: (i) Memorandum of Association, ADVERTISEMENTS: (ii) Articles of Association, (iii) Prospectus, Image Source: consumedmediacom.c.presscdn.com (iv) Directors’ Minute Book, ADVERTISEMENTS: (v) Application for Shares, (vi) Application and Allotment Book, (vii) Copies of Letters of Allotment, (viii) Copies of Letters of Regret, ADVERTISEMENTS: (ix) Letters of Calls, (x) Calls Book, (xi) Share Register, (xii) Cash Book, (xiii) Pass Book. For the purpose of audit, the Share Capital of a company may be put under two heads: I. Shares issued for cash. II. Shares issued for consideration other than cash. I. Shares Issued for Cash: The entire procedure may be divided into three stages: (1) Receipts of applications along with the…
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606 Words Essay on Internet Business

Applications
606 Words Essay on Internet Business.In a world of light-speed data transmission, any individual with little training and expertise can make a fortune from the Internet. Many companies are doing business only through Internet transactions. As computer technology progresses, the amount of Internet consumers also grows. Advance technology makes work faster and safer. ADVERTISEMENTS: An Internet entrepreneur’s first challenge is to create a presence on the web. With a phone line, computer, and Hyper Text Markup Language (HTML), a business can advertise or event conduct transactions over the Internet. Any computer user familiar with a word processor can effectively use these applications with minimal training.Some online businesses handle hundreds of thousands of people everyday. They require specialised hardware and cabling to control the vast amount of traffic on their site…
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7 Limitations of Linear Programming – Explained!

Tech & Engineering
Limitations of linear programming are as follows:Although LP is an improvement over conventional theory of production yet it is not free from limitations LP is an important technique of planning.But the real problems of planning cannot be solved directly by L P. because it has certain limitations and these are following: ADVERTISEMENTS: 1. To specify an objective function in mathematical form is not an easy task.2. Even if objective function is determined, it is difficult to determine social, institutional, financial and other constraints.3. It is also possible that the objective function and constraints may not be directly specified by linear in equality equations.4. To determine the relevant values of the co-efficient of constraints involved in LP is a main problem. Image Source : desertsojourn.com ADVERTISEMENTS: 5. The assumptions of LP…
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Essay on Neighbour I Like Most

Tech & Engineering
The neighbour is the nearest person with whom one has social contact. He can render his services at the time of need.They are part­ners in one’s sorrows and joys. Having a good neighbour is a blessing and a bad neighbour is a curse. This is our good luck that our neighbours are decent.Our nearest neighbour is Mr. Yashpal Sharma. His house is next to ours. He has good manners and a very sweet nature. ADVERTISEMENTS: We always find him with a smiling face. He has three sons and a daughter. Every mem­ber of his family is cultured and good mannered.You will never find them quarrelling with others. They are always ready for any type of help to their neighbours. Mr. Sharma’s daughter who is a B. Com first year student…
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979 words essay planets and solar system

Data
979 words essay planets and solar system. 979 words essay planets and solar system. A planet is a celestial body that revolves around a central star and does not shine by its own light.The only planetary system that is known to man is our solar system. It is made up of nine planets. The nine major planets in our solar system are Mercury, Venus, Earth, Mars, Jupiter, Saturn, Uranus, Neptune and Pluto. There are also many other minor planets, which are also in our solar system, but they are unimportant compared to the nine major planets.Mercury, which is the planet that is closest to the sun, is the first and smallest of the inner planets. It is speculated that the heat from the sun made it impossible for the gases…
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239 words essay on Lunch Break for kids

Tech & Engineering
Free sample essay on Lunch Break for kids. Our school is a day school. Its working hours are from 10.10 a.m. to 4.30 p.m. We have four periods in the morning and four in the afternoon. There is a 30- minute break at 1.10 a.m. This is lunch time for teachers and students. It is also play and gossip time.Towards the end of the fourth period itself, students become restive. Their attention is more on the watch than what the teacher is trying to teach. They eagerly wait for the bell.As soon as the recess bell rings, the calm of the school is broken. There is noise everywhere. Some students rush down the stairs pushing each other to reach the canteen first. Others can be seen sitting in the classroom…
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Short Essay on Mobile Court

Applications
Short Essay on Mobile Court – The delays that occur in judicial decision-making are a well-known fact. There are lakhs of cases pending in different courts throughout the country.With pending cases in courts mounting, the recent launch of the country’s first mobile court at Mewat district in Haryana is laudable.Mobile court means a court set up in a vehicle which can move from one place to another according to a well-prepared plan and schedule. Mobile courts will be of great relief to the rural people. Image Source: i0.wp.com ADVERTISEMENTS: It would create greater awareness about the judicial system among the rural masses, cut costs for them and render justice at their doorstep. These courts should see to that hearings are not unnecessarily postponed.The mobile court is equipped to receive plaints,…
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Short essay on specification (Patent)

Applications
A description of the invention called the ‘specification’ is essential part of a patent, for it is the consideration which constitutes quid pro quo for the grant of patent monopoly.The specification is with a title sufficiently indicating the subject matter of the invention should fully and particularly describe the invention and the method which it is to be performed. ADVERTISEMENTS: It should disclose the best method of perform the invention which is known to the applicant for patent.Section 9 provides that where an application for a patent accompanied by a provisional specification. A complete specific at shall be filed within twelve months from the date of filing of the applicant and if the complete specification is not so filed, the application shall deemed to be abandoned. Image Source: inventiontown.comWhere two…
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648 Words Essay on a Visit to a Zoo

Tech & Engineering
This is a sample essay on visit to a zoo of 700 words for school and college students. A visit to a zoo is one of the most enthralling and exciting things. It is an interesting way to let the children see animals, which they cannot see otherwise. A visit to a zoo is an entertaining activity not just for children but also for adults as it increases their knowledge and makes them wonder at the marvelous of nature. During our educational tour to Delhi, last month, we were also taken to the zoo as it is near the old fort. The zoo is one of the largest in the country spread in a vast area of 35 acres, approximately. The zoo is thickly vegetated with a large variety of…
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332 Word Essay about the Importance of Office Automation

Data
The efficiency of a mechanized data processing system is specially sensitive to the effectiveness with which input information is prepared for machine processing.One of the major objectives of office automation is the reduction of clerical costs. An increase in the operative efficiency of an organisation by the use of higher quality information promises an even larger potential savings than that achieved through increased clerical productivity.During recent times the productivity of the office worker, and advent of the electronic computer, however, should give the clerical staff the tools with which to compete effectively with the production worker who has had the benefit of increasingly powerful machinery over a period of years. ifixlv.com ADVERTISEMENTS: The potential of the computer is much greater than routine, paperwork mechanisation, but its potential will only be…
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