1. 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. 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?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 16MC: Which of the following are found on the bank side of the bank reconciliation? A. NSF check B....

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