X and Y holds joint account in Bank in which the mode of operation is jointly one fine day Y arrived in branch to get the account statement of the account and suppose you are the banker what will you do in this situation, whether you will give the same or not? Discuss.
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X and Y holds joint account in Bank in which the mode of operation is jointly one fine
day Y arrived in branch to get the account statement of the account and suppose you are the
banker what will you do in this situation, whether you will give the same or not? Discuss.
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- Which of the following are found on the bank side of the bank reconciliation? A. NSF check B. interest income C. wire transfer into clients account D. deposit in transitA bank statement ☐ is a bill from the bank for services rendered ☐ lets a depositor know the financial position of the bank as of a certain date О shows the activity which increased or О decreased the depositor's account balance is a credit reference letter written by the depositor's bankLORO account will involve a O a. Mediator O b. New bank account O c. Correspondent Bank O d. Foreign Bank
- Write in your own words which type of bank account would you like to open and explain why .Pol?e??er i? a direc?or of S??le P??? Limi?ed in?ol?ed in making ?omen?? clo?hing?Situation 1. She arranges with the compan??? bank ?o ?ran?fer an amo?n? of ??????? from ?he company account into a personal bank account held by her in her own name. She uses the funds to finalise some outstanding personal debts.Situation 2. As a director she receives information that the company is in a serious financial position. She arranges to transfer a larger amount of the assets of the company over a new proprietary company that she formed with the intention of caring on the same business.Situation 3. Contrary to a resolution of the Board and notwithstanding established business practice that limits credit to $20,000 she allows a trade debtor (who has a history of bad debts) to exceed its credit limits by $25,000. The debtor fails to pay the outstanding amount of $45,000. Can she rely on the business judgment rule in this situation?Required: Has she breached any duties under the Corporation Act in…Suppose a cheque was drawn payable to ‘Badar or order’. it was lost subsequently. Eman found the cheque and presented it to the cashier on the bank counter? Keeping this situation in mind, comment on the following: Will she get the cash? If no, justify? Would your answer be the same, if the cheque was bearer? Discuss
- Question: 1.What is the correct source documents for bank charges from business bank account. option: a) invoice received by the business X. b) invoice issued by business X. c) Receipts received by business X. d) Receipts issued by business X. e) Bank Debit advice. f) Bank credit advice. g) internal memo. h) cash sales slip. i) Cheque butt. j) credit note issued by business X. reqiured: please answer this question by choosing the correct source documents.Identify which one of the following is a document issued by an individual to his or her bank, directing them to pay the person whose name is mentioned in the document the sum specified in it? a. Cheque b. Demand draft c. Bill of exchange d. Credit card1. The relationship between a depositor and a banker is one of: A. Trustee and Beneficiary B. Member and depositor C. Debtor and creditor D. Bailor and bailee 2. What do you think are conditions that must be met if the banker is to honor the customer's cheques? 3. Can you describe any circumstances where it might be in the interest of the bank to divulge information about the affairs of one of its customers? 4. What duties does a customer have to his or her bank?
- 1. What do you think are conditions that must be met if the banker is to honor the customer's cheques? 2. Can you describe any circumstances where it might be in the interest of the bank to divulge information about the affairs of one of its customers? 3. What duties does a customer have to his or her bank?Direction: Match the following bank accounts to its usage or description listed below. Write your answer on the blank before the number. Choose from the following Savings Account Current Account Time Deposit UITF _________________1. The simplest form of bank account. _________________2. A bank account which cannot be withdrawn until the contract period has ended. _________________3. It is a type of bank account that pooled funds managed by experts to ensure high yield and quality returns. _________________4. It allows a limited number of withdrawals only. _________________5. It makes saving very rewarding. _________________6. It allows numerous withdrawals with a large sum of money. _________________7. The investors earn through the increase in fair value of the pooled fund. _________________8. The investors earn through interest while saving. _________________9. This bank account comes with atm or passbook. ________________10. This is evidence by a…To deposit money in your business's bank account you should use O A cheque book A bank statement O A deposit slip O A withdrawal slip O O