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Preparing Contract Note in the Stock Exchange
Clerk takes the details of the day's transaction to the broker at the end of working day. Broker scrutinizes all transactions of the day and prepares a contract note and signs it on a prescribed form. Contract note gives the details of the contract for the sale or purchase of securities. It records number of shares, rate and date of purchase or sale.
Objective of Liquidity management?
Inventories turnover 8 times 4 times Receivable days 63 days 40 days
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