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Does every limited company have to appoint an auditor to protect the shareholders?

They are not required by law to appoint an auditor to protect the shareholders, but many do. This is not only to protect the shareholders, but to protect the company as well.


How do you transfer the position of executor to another person?

An executor must be appointed by a court. The executor can resign by filing a resignation with the court and the court will appoint a successor.


What is the function of the UK's Audit Commission?

The primary function of the UK's Audit Commission is to appoint auditors to a range of local public bodies in England, set the standards for auditors and oversee the work of auditors. This is a statutory corporation in the UK.


Power of Attorney for Partnership?

Power of Attorney for Partnership(Download)STATE OF ________COUNTY OF _______The undersigned constituting all of the general partners of the _________________ limited partnership, appoint _________________ to act as their attorney in fact for the special purpose of filing any and all documents which may be required to be filed by the laws of the State of _________ related to the ________________________________________ limited partnership.Dated: ______________________________________________ __________________General Partner General Partner (if more than one; each must sign)Power of Attorney for PartnershipReview ListThis review list is provided to inform you about this document in question and assist you in its preparation. This power of attorney is within the power of most General Partners to appoint. This document can be adapted to other appointments such as for auditors, consultants, and similar parties. Good legal well care suggests this is a good practice to do and maintain orderly records for the doing of it. It is further suggested that these documents be entered into the formal annual meetings of the Partnership.1. Make multiple copies. Keep a set in the partnership records. Give one to the service provider.


What are the Seven main steps for maintaining a petty cash fund?

The seven main steps for maintaining a petty cash fund include: Establishing a Fund: Determine the amount of cash needed and create a petty cash fund. Designating a Custodian: Appoint a responsible individual to manage the fund. Recording Transactions: Keep detailed records of all disbursements and receipts. Replenishing the Fund: Regularly replenish the fund by submitting a request for reimbursement based on receipts. Conducting Audits: Perform periodic audits to ensure accuracy and accountability. Adjusting the Fund: Make any necessary adjustments for discrepancies found during audits. Closing the Fund: If no longer needed, properly close and reconcile the fund, ensuring all transactions are accounted for.