This section is from the book "Real Estate Accounts", by Walter Mucklow. Also available from Amazon: Real Estate Accounts.
The principle of paying fees to directors for attending meetings is spreading in this country, and if it is true that a thing is worth just what is paid for it, the practice is a good one. At all events, it tends to insure a better attendance at such meetings, and for that reason is worthy of adoption. The fees paid are, of course, chargeable direct to Profit and Loss.
 
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