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

Explain destruction of a portion of capital stock of nation, According to t...

According to the Solow model, how would each of the following affect consumption per worker in the long run (i.e. in the steady state)? Draw a figure and explain. a. The destruc

Operating and capital leases, In 200 words or more, discuss the issues that...

In 200 words or more, discuss the issues that relate to the accounting for operating and capital leases. In your posting, please articulate issues that the accountant faces in r

Division of the trust-trusts laws and accounts, Division of the trust T...

Division of the trust The safeguards consist in the division of the trust funds into portions. Before this division takes place, the investments are revalued in order to deter

Adjustment entry, 1) A sales discount correctly taken by the charge custome...

1) A sales discount correctly taken by the charge customer was debited to Sales at the time the entry was recorded. This error will cause. A) the net income for the period to be un

Credit control, Once credit has been extended it is vital to ensure that cu...

Once credit has been extended it is vital to ensure that customers abide by agreed terms of trade. Regular checks on customer accounts for instance using an aged receivables analys

Financial accounting, The following items are found in the trial balance of...

The following items are found in the trial balance of M/s Sharada Enterprise on 31st December, 2000. 10 marks Summer 2013 Sundry Debtors Rs.160000 Bad Debts written off Rs 9000 Dis

Project Assistance, How do you create an Excel document with several financ...

How do you create an Excel document with several financial statements, all linked together with specific financial data?

Amortized payment, Amortized Payment You purchase a house that costs $...

Amortized Payment You purchase a house that costs $800,000 with an 8%, 30-year mortgage. You make a 20% down payment to avoid PMI insurance. (i) What is your monthly paymen

Public oversight board, Public Oversight Board (POB) - POB is an independen...

Public Oversight Board (POB) - POB is an independent oversight board, composed of public members that monitors and evaluates peer reviews conducted by SEC Practice Section (SECPS)

Case law about investment, As an investor, you are considering buying stock...

As an investor, you are considering buying stock in a relatively new company. Medical Horizons, Inc., has been in existence for 10 years and is now about to go public. The first st

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages