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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
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
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Financial Accounting
Authors: Walter B. Meigs, Robert F. Meigs, Mark Bettner, Ray Whittington
9th Edition
0070434360, 978-0070434363
