Ascertaining example sentences

The concept states that a conscious approach should be adopted in ascertaining income so that profits of the enterprise are not overstated.It should be noted that only the actual proceeds of debentures are to be taken into account for ascertaining the number of shares to be issued in lieu of the debentures to be converted.It should be noted that only the actual proceeds of debentures are to be taken into account for ascertaining the number of shares to be issued in lieu of the debentures to be converted.It should be noted that only the actual proceeds of debentures are to be taken into account for ascertaining the number of shares to be issued in lieu of the debentures to be converted.To consider this possible loss on account of non-payment by some debtors, it is a common practice (and necessary also) to make a suitable provision for doubtful debts at the time of ascertaining true profit or loss.Accounts in the ledger are periodically balanced, generally at the end of the accounting period, with the object of ascertaining the net position of each amount.The matching concept, thus, implies that all revenues earned during an accounting year, whether received during that year, or not and all costs incurred, whether paid during the year, or not should be taken into account while ascertaining profit or loss for that year.It should be noted that only the actual proceeds of debentures are to be taken into account for ascertaining the number of shares to be issued in lieu of the debentures to be converted.It should be noted that only the actual proceeds of debentures are to be taken into account for ascertaining the number of shares to be issued in lieu of the debentures to be converted.Not-for-Profit' Organisations prepare Balance Sheet for ascertaining the financial position of the organisation.It should be noted that only the actual proceeds of debentures are to be taken into account for ascertaining the number of shares to be issued in lieu of the debentures to be converted.This helps in ascertaining the ultimate position of each item at the end of an accounting period.This essentially involves five steps namely, adjusting the revenue receipts on the debit side to include outstanding incomes and incomes relating to the current year received earlier and to exclude amounts received in arrears or in advance; adjusting revenue payments on the credit side; identifying and showing non-cash expenses and losses on the debit side of the Income and Expenditure Account; computing and showing profits/losses from trading and/or social activities on the credit/debit side of the Income and Expenditure Account; and ascertaining the surplus or deficit as the closing balance of the Income and Expenditure Account.It is necessary to make provision for such items for ascertaining true net profit.Cost accounting assists in analysing the expenditure for ascertaining the cost of various products manufactured or services provided by the firm and fixation of prices thereof.