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Bills of Exchange
Bills of Exchange are a source of finance in specifically in the export trade. A bill of swapping is an unconditional arrange in writing addressed via one person to another needing the person to whom it is addressed to pay to him as his order a particular sum of money. The commonest categories of bills of exchange used in financing are accommodation bills of exchange. For a bill to be a lawful document; it must be like
It is necessitate raising finance with:
bond issued $900,000 of 8% on 3/1, they pay interest on 9/1 and mature in 10years case a @ 100, case b @ 92, case c @ 105 wha is total cash outflow thru maturity total borrowing co
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Asset Based Valuation - Example K and K Company Limited is planning to absorb three other companies so as to realize its sales records of Sh.500, 000 per annum. Its accountan
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