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Current assets 150000Rs Current Liabilities 75000Rs Promoters contribute 80 of working capital.calculate incremental capital equired.?
Wiki User
∙ 14y ago
incremental capital required=150000+120000-75000=195000 this happens that according to double entry system our asseste should be equal to liability
Wiki User
∙ 14y ago
The working capital is calculated as Current Assets minus Current Liabilities, which is Rs. 75,000. Since the Promoters contribute 80% of the working capital, the incremental capital required would be 20% of Rs. 75,000, which is Rs. 15,000.
Therefore, the incremental capital required would be Rs. 15,000.
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Promoters are what?
What are the scientific word promoters?
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Janky Promoters was created on 2009-10-16.
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Janky Promoters was released on 10/16/2009.
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There is plenty of information available on stock promoters. Check out a site such as stockpromoters, which will have the information one is seeking on stock promoters.
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minimum of two promoters should be there in a company
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In an IPO, the promoters must contribute at least twenty percent (20%) of the postissue capital. The term promoter includes: 1. person(s) in overall control of the company; 2. person(s) who are instrumental in the formulation of a plan or program pursuant to which the securities are offered to the public; and 3. persons named in the prospectus as promoters. Any person acting as a director or officer of the issuer company merely in a professional capacity is not included in the definition of promoter.
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