What is Planning? Planning is, an all-pervasive and the most basic function of management. Planning is a process whereby one can determine the future action expected result. Planning
Features of Coordination Coordination has some distinct features which are outlined below: 1. Coordination is basically a managerial responsibility. It cannot be delegated to a specialist., It is
Reappointment of Auditor 1. A retiring auditor may be re-appointed at the annual general body meeting by passing a resolution. 2. Reappointment of a retiring auditor is not
Who can be appointed as an Auditor? Only a qualified Chartered Accountant within the meaning of the Chartered Accountants Act, 1949 can be appointed as an auditor. However,
Views of ICAI on Joint Audit If the size of the organization is very large, two or more chartered accountants may be appointed as Joint Auditors. ‘Statements on
When is an Object or Consideration Unlawful? The circumstances which would make a consideration as well as object of an agreement unlawful, are discussed as under 1. Forbidden
What is Material alteration? The term ‘material alteration‘ indicates alteration or change in the material parts of the instrument. It may be defined as any change, which alters
What are Hundis? An age-old tradition of business transactions, peculiar to India, Hundis are negotiable instruments written in various vernacular local languages in the country. The term is
Discharge of Surety – Situations when liability of surety comes to an end A surety’s liability comes to an end under any of the following circumstances. By notice
Methods of Drafting Correspondence There is a need of careful drafting of office correspondence to maintain the efficiency of office functioning. Goodwill of the organization will be increased