Fixed interest securities-accounts under trustee , Financial Accounting

Assignment Help:

Fixed Interest Securities

No advice in writing is required before an investment in fixed interest securities is made.

Government Securities.
Treasury Bills.
Fixed interest securities guaranteed by the Government.
Fixed interest securities quoted on the Nairobi Stock Exchange issued by a company incorporated which has a paid-up capital of not less than Shs10m and which has paid a dividend in each of the preceding 5 years.
Fixed interest securities issued by Railways or the Industrial Development Bank.
Local Authority loans.
A deposit, whether fixed term or otherwise, with a bank or financial institution, building society or the Kenya Post Office Savings Bank.
Mortgages of freehold property or leasehold property having not less than 40 years unexpired.

Related Discussions:- Fixed interest securities-accounts under trustee

Adjusting Entries, The company incurs a payroll payable of $645 per weekday...

The company incurs a payroll payable of $645 per weekday of operations. The mondays of january are the 3rd, 10th, 17th, 24th, and the 31st. Paydays are every other Friday with payd

What is recapitalization, Q. What is Recapitalization? Recapitalization...

Q. What is Recapitalization? Recapitalization - An internal reorganization of a corporation including a rearrangement of capital structure by changing the kind of stock or numb

Dissolutions situations, Dissolutions situations There are two situatio...

Dissolutions situations There are two situations that need to be considered under dissolutions. These are:- 1) Where the assets are sold at once (one single transaction) 2) As

Prepare the journal book, On January 1, 2014, Offshore Corporation erected ...

On January 1, 2014, Offshore Corporation erected a drilling platform at a cost of $5,420,142. Offshore is legally required to dismantle and remove the platform at the end of its 6

Prepare journal entries to record the above transactions, On January 1, 201...

On January 1, 2010, Anderson Corporation had 60,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 Issued

Legal practice, Trust - Ancient legal practice where one person (GRANTOR) ...

Trust - Ancient legal practice where one person (GRANTOR) transfers the legal title to an ASSET, known as principal or corpus, to another person (the TRUSTEE), with specific instr

Explain about short-term bank loans and overdrafts, Q. Explain about Short-...

Q. Explain about Short-term bank loans and Overdrafts? Short-term bank loans and Overdrafts. The symptom are that Vertid is unlikely to obtain further finance from its bank alt

Define country in rigorous recession reflect on devaluation, Define why cou...

Define why country in rigorous recession reflect on devaluation? Countries can deal with the both internal problems with external solutions. Why might a country in rigorous rec

Assignment, 2000

2000

What do you understand by accumulated funds, QUESTION 1: Part A Ma...

QUESTION 1: Part A Malcolm was in business as an import merchant and the following balances were extracted from his books on 31st December 2003: Purchases

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages