Accounting and BankingLongmans, Green, and Company, 1907 - 472 pages |
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Common terms and phrases
allotment amount assets bad debts balance sheet bank Bank of England banker Bills receivable Book debts branch Cash Book cent charged cheque columns Companies Act cost current account customers debenture stock debited December 31 deducted depreciation directors discount dividend endorser Estate Account estimated expenditure expenses firm folio goodwill Goodwill Account head office holder income tax interest investments issued June 30 Ledger Account liabilities loans Loss Account Machinery and plant meeting ment months mortgage ordinary shares paid particulars partners partnership payment person preference shares Preferential creditors premiums Profit and Loss purchase Railway Realization Account receipts registered rent Revenue Account salaries Sales secured creditors securities Share Capital Account shareholders Sinking Fund society statement of affairs Sundry creditors Sundry debtors trade transactions transfer trial balance United Kingdom wages Waggon whilst
Popular passages
Page 272 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Page 67 - Every company limited by shares and every company limited by guarantee and having a share capital shall, within a period of not less than one month nor more than three months from the date at which the company is entitled to commence business, hold a general meeting of the members of the company, which shall be called
Page 32 - All the partners are entitled to share equally in the capital and profits of the business, and must contribute equally towards the losses whether of capital or otherwise sustained by the firm.
Page 458 - All acts done by any meeting of the directors or of a committee of directors, or by any person acting as a director, shall, notwithstanding that it be afterwards discovered that there was some defect in the appointment of any such...
Page 457 - The directors may delegate any of their powers to committees consisting of such member or members of their body as they think fit. Any committee so formed shall in the exercise of the powers so delegated conform to any regulations that may be imposed on it by the directors.
Page 267 - Where a banker in good faith and without negligence receives payment for a customer of a cheque crossed generally or specially to himself, and the customer has no title, or a defective title, thereto, the banker shall not incur any liability to the true owner of the cheque by reason only of having received such payment.
Page 50 - The advance of money by way of loan to a person engaged or about to engage in any business, on a contract with that person that the lender shall receive a rate of interest varying with the profits...
Page 33 - Any difference arising as to ordinary matters connected with the partnership business may be decided by a majority of the partners, but no change may be made in the nature of the partnership business without the consent of all existing partners; 9.
Page 456 - ... the meeting shall stand adjourned till the same day in the next week at the same time and place, and, if at the adjourned meeting...
Page 50 - ... that the lender shall receive a rate of interest varying with the profits, or shall receive a share of the profits arising from carrying on the business, does not of itself make the lender a partner with the person or persons carrying on the business or liable as such.