Who would NOT be considered "independent" in the context of an independent examiner?

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my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.

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Expand-------MRR

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Which Entries comes in Receipts & which entries in Payments,any payment & Income is received through cheque that entries will appear in it or we have to pass it in journal.

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what is the meaning of fbt? tell me diffrent type of fbt rate? & when it will consider in accounting?

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What is a ‘ratio’?

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What is the Branch Accountant Responsbilities ?

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what is the procedure for issuing th C form

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Define Busines entity concept?

5 Answers   ACS,

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how to calculate the Current Ratio, Liquid Ratio & Operating Ratio

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a companys assets minus its liabilities is

6 Answers   FactSet Systems,

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With a 600 credit score, how to improve my credit rating score?

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