Question
8) On 1/4/2019, the customer Khaled deposited a bill of exchange in the Housing Bank in the amount of 2500 to be discounted at a
8) On 1/4/2019, the customer Khaled deposited a bill of exchange in the Housing Bank in the amount of 2500 to be discounted at a discount rate of 5% and it is due on 1/9/2019 and the debtor is Mahmoud. In the bank, the crediting party in the entry recorded on 1/4/2019 is:
Select one: a. Discounted Promissory Notes b. Current Accounts - Customer Khaled c. Promissory Notes for Discount d. Bills of exchange for a discount fee
9) If a customer exceeds his current credit account and withdraws more than his balance in the bank, this case is called
Select one: a. I am in debt b. deposit for c. Overdraft d. current credit
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