Profit or a portion of profit that can be legally distributed as a dividend to the shareholders is known as Divisible Profit. All profit of the company is not divisible . Chapter 8 Divisible Profits and Dividends MEANING OF DIVISIBLE PROFIT The portion of profit, which can legally be distributed to the shareholders of the. Some of the most frequently asked exam questions on auditing for dividends and divisible profits are as follows: Q Define and explain the term 'Divisible.
Divisible Profits and Dividends Meaning of Divisible Profit Meaning of Dividend Concept of Profit Profit vs Divisible Profit . Qualification of an Auditor Disqualification of an Auditor 8 Chapter 8 Divisible Profits and Dividends Meaning of Divisible Profit. Views; How can I become an auditor? 1 Answer Views; What is Excise duty? 2 Answers Views; What should I pursue to become an.
This Act may be cited as the Audit Act , and shall come into operation on shall include the Consolidated Revenue Fund and all public moneys whatever; with the duty of disbursing or who does actually disburse any public moneys; to and divisible amongst more works than one and it is not known or does not. AUDIT ACT - Incorporating all amendments by legislation made to 1 July . Auditor-General to examine accounts of revenue .. in pursuance of section 63 or 63A, this Act applies outside Australia and the Territories to and and divisible amongst more works than one and it is not known or does not appear to what. The provisions relating to 'audit' broadly deal with who can be appointed as an auditor under the Act, (1) A person shall be eligible for appointment as an auditor of a company only if he is a chartered .. o constitute Au. Committee .. at the end of its financial year and profit or loss and cash flow for the year and such other. Model 1-Paper XI-AUDITING. (New Scheme). Maximum Define cost Audit. What is Audit manual? What are the principles of divisible profit? (10 x 4 = 40 ma.