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Answer Posted / tushar rathore
Transmission-cum-demat facility enables an investor to
dematerialize securities held in joint names in a Beneficial
owner account opened in the names of same joint holders in
the event of death of a joint holder.
For more info
visit:http://www.iepf.gov.in/Depository_Account_CDSL.asp
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Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
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