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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
let me know the meaning of Drawer,Drawee and payee of the 
cheque
 Question Submitted By :: Satyaki_raju@yahoo.com
I also faced this Question!!     Rank Answer Posted By  
 
  Re: let me know the meaning of Drawer,Drawee and payee of the cheque
Answer
# 1
Answer on the difference between the primary and secondary 
capital market(sumary)


The capital market is divided into two,the primary market 
and the secondary market.
The primary market is the market where a company tjat is 
quoted can raise share to finance its business operation.It 
is the market for a new share thwt has not be raised.In 
other words, it is the market where funds that have not be 
raised before can be raised.It is a market for Initial 
Public Offer (IPO).
The primary market provides the room for the secondary 
market.
The secondary market is the market where shares raised from 
the primsry market are sold.In this case ,an agent is 
required to sell the shares for you.
Both markets are regulated by different regulatory bodies 
including the Central Bank of a nation.
 
Is This Answer Correct ?    2 Yes 9 No
Aloku,omakpokpose David
 

 
 
 
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