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

Budgeted purification fixed, XYZ Municipality purifies water before it ente...

XYZ Municipality purifies water before it enters the reticulation network. There are presently 3 purification processes available to the municipality. These processes sre referred

Incomplete Records, Statement to ascertain profit in analysis method and co...

Statement to ascertain profit in analysis method and comparison method, and reconstructed using ledger

Macrs depreciation system, Real estate depreciated under MACRS rules is sub...

Real estate depreciated under MACRS rules is subject to cost recovery using a mid-year convention. Mike converted his personal residence (acquired in 2001) to rental property th

Holding company with more than one subsidiary company, Holding company with...

Holding company with more than one subsidiary company Under this type of structure, the holding company controls more than one company. For example H ltd may Own 80% of S1, 75%

Property, Hi! Here are the case: Acquisition of Assets: The cost method ...

Hi! Here are the case: Acquisition of Assets: The cost method of accounting is used for the initial recording of all acquisitions of assets controlled by the authority. Cost is

Which product should harper tell its sales personnel, Harper Co. provided t...

Harper Co. provided the following information concerning two products: contribution margin per unit- product 12 $46 Contribution margin per unit-product 43 $30. Machine hours requi

Trial balance, Jim owns and manages a small business, which provides an off...

Jim owns and manages a small business, which provides an office design service, as well as buying and selling office furniture. Jim is a sole trader who manages all aspects of the

Effect of additional debt finance on financial position, Q. Effect of Addit...

Q. Effect of Additional Debt Finance on Financial Position? Debt finance of $3·2m would raise gearing on a book value basis from 54% to 203% ((1167 + 3200)/2150) which is five

Financial strategy IRR, what managers should know about internal rate of re...

what managers should know about internal rate of return (IRR) and why?

Rescission-statement of affairs-receiving order , Rescission of receiving o...

Rescission of receiving order The order may be rescinded by the court if: The court has sanctioned a composition or scheme of arrangement; The debts have been paid in

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages