private placement
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Answer / tapanflames
The sale of securities to relatively small number of selected
investors as a way of rising capital. It was an opposite of
public issue.
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / siddu naidu
The selling of securities to few selected investors like
institutional investors is known as "private placement."
for ex UTI, SBI etc.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / guest
it is akind of raising funds as capital from the public with
satisfying one condition that the allotes must not exceed 50
in number
| Is This Answer Correct ? | 1 Yes | 3 No |
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A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
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