Corporate Finance and Accounting: Treating of the Corporate Finances and Securities; the Corporate Books of Account; Reports; Negotiable Instruments; and the Powers, Duties and Relations of the Corporation Treasurer; with Forms

Harry Clark Bentley

Ronald Press, 1908 - Corporation law - 525 pages

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THE CORPORATION TREASURER	21

Statutory Provisions	22

Charter Provisions	23

ByLaw Provisions	26

e Usage as a Source of Official Power	28

Treasurers Bond	31

Duties and Powers of the Treasurer	47

Directors Resolutions	52

Corporate Deposit in Treasurers Name	277

Deposit of Funds	279

Withdrawal of Deposit	280

Checks 214 General 215 Nature	283

Form 217 Essential Features	285

a Date	286

b Amount	287

c Drawer	288

Statutory Requirements	53

The Treasurers Authority for Action	54

Place of Action	55

ByLaw Provisions Affecting Treasurer 28 General 29 Brief Provisions	56

Personal Bonds	57

Surety Company Bonds	58

Extended Provisions	59

Termination of Bond	60

General	61

Comprehensive Provisions First	64

ation Second Set U S Steel Corpor	66

The Finance Committee 33 Standing Committees	70

Appointment of Finance Committee	71

Organization of Finance Committee	75

Action of Finance Committee	76

Powers of Finance Committee	78

General Status of Finance Committee	81

Relation of Treasurer to Other Corporate Authorities 39 To the Stockholders	82

To the Board	83

To the Finance Committee	84

To the Auditor	86

To the Other Officials	87

The Treasurers Liabilities 44 Duties and Liabilities of Treasurer	90

To Whom Liable 46 Sources of Liability	91

a Neglect of or NonPerformance of Duties	92

b Faulty Performance of Duties	93

c Unauthorized Acts	94

d Illegal Acts	96

Statutory Liabilities	98

Scope of Treatment 63 The Records of a Corporate Business	111

a The Special Corporate Records 65 b The Financial Records 66 c The Purchase Records	112

d The Sales Records 68 e The Cost Records 69 f The General Records	113

Bookkeeping Terms Defined 70 Bookkeeping 71 Double Entry Bookkeeping	114

The Trial Balance 73 The Balance Sheet	115

Profit and Loss Statement 75 Records of Original Entry	116

Records of Summarization 77 Assets and Liabilities 78 a Fixed Assets	117

b Floating Assets 80 c Fixed Liabilities	118

d Floating Liabilities 82 Accounting Systems 66 83 a The HitorMiss or GoodEnough System	119

b The CoatofManyColors System	120

c The Scientifically Designed System	121

The Financial Records 86 Record of Receipts	122

Cash Receipts Book	123

Record of Disbursements	124

Cash Disbursements Book	125

Evidence of Payment	126

Outstanding Checks	128

Record of Bond Issues 93 Bond Register	129

Index of Bondholders	131

Coupon Register	132

Interest Payments	134

Securities Ledger	135

General Chapter XII The Purchase Records	136

Purchase Systems 100 The Voucher System	138

The Invoice File Sheet System	142

General 103 Billing Chapter XIII The Sales Records	146

Summary of Sales	147

Sinking Fund	148

Customers Ledger	149

Manufacturing Cost Records 106 Importance of Accurate Costs 107 Requirements of a Cost System	150

a Materials Supplies and Finished Products Raw Materials Factory Supplies Finished Products 109 b Gross Profit on Sales 110 c Expenses of the Selli...	151

e Net Profit on Sales 113 Elements of Cost	152

Notes Receivable	153

Procedure	154

Finished Products	155

Manufacturing	156

ByProducts	157

Raw Materials	158

The General Records	166

Expenses	178

Ledger AccountsTheir Functions and Entries	181

Small Tools	187

Factory Supplies	199

Stable Supplies	200

Insurance 162 Treasury Stock	201

Stocks of Other Companies 3 LIABILITY ACCOUNTS 164 Capital Stock a Preferred Stock b Common Stock	203

Mortgages Payable 166 Bonds a Mortgage b Accumulative	204

Notes Payable 168 Accounts Payable	205

Accrued Interest a On Mortgages Payable b On Bonds 170 Accrued Taxes	206

Pay Roll 172 Agents Accounts	207

Reserve for Depreciation of Machinery and Equipment	208

4 SURPLUS PROFIT AND LOSS AND STATISTICAL 174 Surplus ACCOUNTS 175 Profit and Loss	210

Sales 177 Income a From Rentals b Stocks of Other Companies	211

Special Entries of Corporate Books	215

Payment by Stock	226

Books of a Mining Corporation	231

The Treasurers Report	237

195 General	246

Status of Treasurer as to Corporate Funds	267

Custody of Corporate Funds	268

Disbursement of Corporate Funds	269

Endorsements	270

Return of Corporate Funds	271

Bank Deposits 206 Selection of Depositary 207 Directors Powers as to Depositary	272

Treasurers Powers as to Depositary	273

Status of the Corporate Depositary	274

Opening the Account	275

Signature	289

d Drawee 223 e Payee	291

Collection 225 Endorsement	293

Payment of Checks	296

Checks Continued 227 Payment by Check	298

Depositing Checks	299

Return of Cancelled Checks	300

Voucher Checks	301

Certified Checks	302

Revocation of Checks	304

305 Payment in Due Course	305

Overdrafts 234 Stale Checks	306

Lost or Destroyed Checks	307

Forged Checks	308

Payment by Party Secondarily Liable	309

Alterations of Checks	310

Dividends 238 What They	311

By Whom Declared 240 Nature of Declared Dividends	312

Bills of Exchange	313

Promissory Notes	314

Profits and Dividends	315

Negotiability	316

Extraneous Matter 66 66	317

Equality of Dividends	318

Form of Payment	319

Cash Dividends	320

Dividends Not in Cash 246 a Stock Dividends	321

b Bond Dividends	322

c Scrip Dividends	323

Kinds of Acceptances	324

d Property Dividends	325

Bills in Sets	326

Dividends Continued 250 Declaration of Dividends	327

Capital Stock	328

Capital	329

Notice of Dividends	330

To Whom Paid	332

Payment of Dividends	335

Compelling Declaration of Dividends	337

339 How Created	339

Illegal Dividends	340

Liability for Illegal Dividends	341

Treasurers Liability as to Dividends	342

Rights to Assets	343

NEGOTIABLE INSTRUMENTS Chapter XXVI Nature and Requisites 258 Laws which Govern	344

What Constitutes a Negotiable Instrument 260 a Methods of Transfer	345

b Rights Transferred	346

Requisites of Negotiable Instruments	347

Liabilities of Preferred Stock	348

Advantages of Preferred Stock	349

Delivery	350

Signature 265 Consideration	351

Maturity	352

NonEssentials	353

Ambiguities How Construed	354

Blanks in Instruments	355

Registered Bonds	356

Form of Bond	357

Form and Nature of Coupon	358

Trustees Certificate	359

Deeds of Trust	360

Recitals of Deed of Trust	361

Execution and Filing of Deed of Trust	362

Sinking Fund	363

Sale of Bonds	364

281	365

Rights of Holders	366

Redemption of Bonds	367

2 DISHONOR	372

Where Notice of Dishonor Must be Given	378

Shares and Their Par Value	393

Nature and Functions of Capital Stock	395

Certificates of Stock	396

Issued and Unissued Stock	397

Stock Full Paid and Partly Paid	398

Payment for Stock	399

Treasury Stock	400

Common and Preferred Stock	401

Watered Stock	402

Investment Value of Bonds	433

Kinds of Bonds a First Mortgage etc b Junior Lien	434

c Gold etc d Convertible	435

e Redeemable f Profit Sharing	436

g Income	437

FORMS	441

Receipt Form	447

Instalment 66	453

Form	455

Treasurers Report	461

Indemnity Bond Lost Stock Certificate	473

Convertible Bond	479

Coupon	487

Deed of Trust	503

General	506

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Common terms and phrases

acceptance acceptor Accounts Payable agent amount assets authority bill Board of Directors bond by-law provisions capital stock cash certificate certified check charged charter or by-law common stock Company controlling account corporate funds corporate officials cost coupon coupon bonds Debit December 31 declare a dividend deed of trust delivery dends deposit divi draft drawer duly duties election endorsement entry finance committee given hands held holder instrument is payable interest issued liable loss Manufacturing Expenses matter maturity ment month monthly Negotiable Instruments Law notice of dishonor otherwise paid par value party payee person poration preferred stock presented for payment profits proper purchased receipt received Represents scrip secured shares signature sold specified statutes stock books surplus term thereof tion transfer treasurer treasurer's treasury stock trial balance trust unless usually voucher

Bibliographic information

Title	Corporate Finance and Accounting: Treating of the Corporate Finances and Securities; the Corporate Books of Account; Reports; Negotiable Instruments; and the Powers, Duties and Relations of the Corporation Treasurer; with Forms
Author	Harry Clark Bentley
Publisher	Ronald Press, 1908
Original from	the University of California
Digitized	22 Oct 2007
Length	525 pages

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Corporate Finance and Accounting: Treating of the Corporate Finances and Securities; the Corporate Books of Account; Reports; Negotiable Instruments; and the Powers, Duties and Relations of the Corporation Treasurer; with Forms

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Common terms and phrases

Bibliographic information