between individuals and countries is that a business or a person who falls on hard times and cannot meet his or her financial obligations over time goes bankrupt. A court is appointed to assess the debtor’s situation and banks acknowledge that the debtor cannot fully pay his or her debts. But countries cannot file for bankruptcy. There is no such procedure‚ no arbitrator. At the international level‚ the creditors‚ not a court‚ decide whether and under what conditions to require a country to pay its
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Profitability 1 Return on Shareholders Funds (ROSF) Ratio Definition: The Return On Shareholders Funds (ROSF) ratio is a measure of the profit for the period which is available to the ordinary shareholders with the ordinary shareholders’ stake in a business. Formula: Return On Shareholders Funds = ((Net profit after taxation & preference dividend) / (Ordinary share capital + Reserves)) * 100% Example 1: If the net income of PPC Ltd is $80‚000 whereas shareholder’s funds are $500‚000
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Acknowledgements In the name of Allah‚ the Beneficent‚ the Merciful. First of all we are very thank full to Allah who provide us knowledge‚ energy and skills to avail opportunities and increase our knowledge and experience by completing this assignment. For the successful completion of assignment we are thankful to organization’s staff‚ who given us in-depth knowledge of subject and equipped us with current market trends. We were not able to accomplish this task without the help of class teacher
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Assertions are categorised as follows : assertions about classes of transactions and events for period under audit e.g. sales‚ interest received assertions about account balances at year-end e.g. accounts receivable‚ property‚ plant and equipment assertions about presentation and disclosure e.g. notes that support Statement of Financial Position account headings‚ contingent liabilities Assertions for Statement of Financial Position transactions and balances
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Subject: Principles of Insurance and Banking Course Code: FM-306 Lesson: 1 Author: Dr. S.S. Kundu Vetter: Dr. B.S. Bodla NEGOTIABLE INSTRUMENTS ACT‚ 1881 STRUCTURE 1.0 1.1 1.2 1.3 1.4 1.5 Objectives Introduction Meaning of Negotiable Instruments Characteristics of a negotiable instrument Presumptions as to negotiable instrument Types of negotiable Instrument 1.5.1 Promissory notes 1.5.2 Bill of exchange 1.5.3 Cheques 1.5.4 Hundis 1.6 Parties to negotiable instruments 1.6.1 Parties to Bill of
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FLAT CARGO BERHAD: AN AUDITOR’S CONUNDRUM The case portrayed Flat Cargo Berhad (FCB)‚ a public listed company which known as one of the largest air freight companies in Malaysia. FCB was registered as an investment holding company with several subsidiaries where the subsidiaries primarily provides air freight services and aircraft ground handling services. As the only Intra-Asian overnight express cargo operator based in Malaysia‚ FCB provides air freight transportation involving aircraft charter
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Johnson on Debtors Prison Essay When it comes a strong‚ authoritative argument‚ the best thing to do is read author Samuel Johnson’s (the most fascinating‚ distinguished poet and lexicographer) response from the excerpt “Debtor’s Prison.” The publication of the letter is concerns referring to people being sent to prison for not paying their debt. It is said‚ “an enquiry is made by which it appears that more than twenty thousand are at this time prisoners for debt‚” (Samuel Johnson) (Lines 3-5)
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lees than the minimum wage‚ the labour or service provided by him clearly falls within the scope and ambit of the words “forced labour”. Bonded Labour System: Bonded labour system means the system of forced or partly forced labour under which a debtor enters or has or is presumed to have entered into an agreement with the creditor to the effect that he would – 1. Render‚ by himself or through any member of his family or any person dependent on him labour or service to the creditor for a specified
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-340.0 Retained profit 440.0 382.0 Consolidated Balance Sheet Fixed assets Intangible Assets 154.0 154.0 Tangible Assets 11032.0 9580.0 Investments 317.0 304.0 Total Fixed Assets 11503.0 10038.0 Current assets Stock 929.0 838.0 Debtors due within one year 454.0 322.0 Short-term investments 225.0 255.0 Cash at bank and in hand 445.0 279.0 Total Current Assets 2053.0 1694.0 Creditors: Amounts falling due within one year -4809.0 -4389.0 Net Current Assets (liabilities)
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ANG TEK LIAN‚ Petitioner‚ v. THE COURT OF APPEALS‚ Respondent. EN BANC [G.R. No. L-2516. September 25‚ 1950.] ANG TEK LIAN‚ Petitioner‚ v. THE COURT OF APPEALS‚ Respondent. Laurel‚ Sabido‚ Almario & Laurel‚ for Petitioner. Solicitor General Felix Bautista Angelo and Solicitor Manuel Tomacruz‚ for Respondent. SYLLABUS 1. CRIMINAL LAW; ESTAFA" ; ISSUING CHECK WITH INSUFFICIENT BANK DEPOSIT TO COVER THE SAME. — One who issues a check payable to cash to accomplish deceit and knows that at the time
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