Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 5. (a) one key consideration banks assess

QUESTION 5. (a) One key consideration banks assess before opening an account for a prospective...

50.1K

Verified Solution

Question

Accounting

QUESTION 5.
(a) One key consideration banks assess before opening an account for a prospective customer is capacity.
Explain in detail why it is important that banks consider capacity of the individual in opening accounts
for them. [8 MARKS]
(b) Mention at least 4 parties and explain why they lack capacity to open and operate an account at a bank

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A spherical shell is cut into two halves that remain forming the sphere, but are electrically isolated...

Physics
Q

how to do the mechanical design of gas liquid ( flash) separator?? what are the equations used...

Mechanical Engineering
Q

(1 point) I took my soccer ball with 5 liters of air at 2 ATM,...

Biology
Q

Determine whether the given sequence is arithmetic If the given sequence is arithmetic find the...

Calculus
Q

At the same time that a 5ft tall girl casts a 12 ft shadow a...

Algebra
Q

E 14-1 Segment disclosures 1. The disclosure requirements for an operating segment do not include:...

Accounting
Q

please help Data table x

Accounting
Q

Question 7: Assume that in one month of the following year, the company incurred 2,000...

Accounting
Q

Pharoah Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2020....

Accounting
Q

Wilm Schmidt, the owner of Wilms Window Washing Services, had difficulty getting the debits to...

Accounting
Q

Compute profit margin and investment turnover for each center. Which center generates more income per...

Accounting
Q

Please create income statement and balance sheet from the trial balance below. Trial Balance...

Accounting