STUDENT ACCOUNTANTS
A successful meeting of the Wellington Accountant Students' Society was held last evening. Mr. John L Atcus, F.1.A.N.Z., lectured on "Verification of Assets," and dealt fully with the question of book debts and .the various means of verifying the balances shown in the debtors' ledger, .distinguish.! ing between goods sent out "on consignment or hire purchase and ordinary book debts. The treatment of bad debts was also dealt with from an auditor's point of view, and the lecturer demonstrated the different methods of verifying various classes of stock on hand with the idea of endeavouring to ascertain their true value as far as possible. Mr. Arcus then explained the means of verifying fixed assets, such as plant and machinery, land and buildings, ships, and the like, and the necessity for carefully scrutinising securities and deeds connected with the items. A hearty vote of thanks was accorded to Mr. Arcus for his able lecture.
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Evening Post, Volume XCI, Issue 94, 20 April 1916, Page 2
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155STUDENT ACCOUNTANTS Evening Post, Volume XCI, Issue 94, 20 April 1916, Page 2
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