Must example sentences
Useful accounting information, regardless of its physical form, must have five characteristics: relevance, timeliness, accuracy, completeness and summarisation.Recall that the principle of conservatism (prudence) requires that instead of ignoring such items of expenses, adequate provision must be made and charged against profits of the current period.” “Ramesh probably knows something about his past, so Mr Nath must be bribing him to keep quiet,” I said.Besides this, a domain must be given a format and any additional information to enable correct interpretation of values.You must be wondering how these physical features have been formed.To be comparable, accounting reports must belong to a common period and use common unit of measurement and format of reporting.Similarly, advertisements of baby food must necessarily inform the potential buyer that mothers milk is the best.On the contrary he must have had to face more uncertain and difficult times, for when he began his career, there were no firmly established film producing companies or studios.You must have observed that iron articles are shiny when new, but get coated with a reddish brown powder when left for some time.Thus if prices of all commodities increase in terms of money which, in other words, can be regarded as a general increase in the price level, the value of money in terms of any commodity must have decreased – in the sense that a unit of money can now purchase less of any commodity.The credit balance of this account on any particular date must be the same as the total amount worth of bills payable yet to be presented for payment as ascertained from the bills payable book.However, shares can be issued at discount in accordance with the provisions of Section 79 of The Companies Act, 1956 which stipulates that the rate of discount must not exceed 10% of the face value.However, we must note that since private saving, investment and the trade deficit are jointly determined, other factors too must be taken into account.This follows from the simple idea that the revenues earned by all the firms put together must be distributed among the factors of production as salaries, wages, profits, interest earnings and rents.Second, there must be an interval of at least one month between the making of two calls unless otherwise provided by the articles of association of the company.
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