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At the end of March, 20X6 the balances in the several accounts of Nitin & Company are as follows: Rs. in million Accounts Balance Equity capital 120 Preference capital 30 Fixed assets (net) 217 Reserves and surplus 200 Cash and bank 35 Debentures (secured) 100 Marketable securities 18 Term loans (secured) 90 Receivables 200 Short-term bank borrowing (unsecured) 70 Inventories 210 Trade creditors 60 Provisions 20 Pre-paid expenses 10 Required: Make the balance sheet of Nitin & Company as per the format specified by the Companies Act.
Day count convention is a system used to determine the number of days between two coupon dates. It is important in calculating accrued interest and present value
Explain Gresham’s Law. Answer: Gresham’s law considers to the phenomenon that bad (abundant) money drives good (scarce) money out of circulation. This type of phenomenon was fre
DISSCUSS THE APPLICABILITY OF AN OPERATING CYCLE IN A VEGETABLE GROWING BUSINESS IN UGANDA?
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Q. Show the Transaction risk? This is the risk occur on short-term foreign currency transactions that the actual income or cost may be different from the income or cost expecte
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