Mr. Ahmed has purchased goods from Khalid for OMR 1000. Mr. Khalid requested that instead of paying cash, better to issue him a cheque. Mr. Ahmed write a cheque for OMR 1000. Mr. Khalid lost the same cheque while travelling. What procedure is recommended in this situation? Write any four differences between traditional banking and modern banking Why KYC is mandatory for the banks while opening a bank account?
Mr. Ahmed has purchased goods from Khalid for OMR 1000. Mr. Khalid requested that instead of paying cash, better to issue him a cheque. Mr. Ahmed write a cheque for OMR 1000. Mr. Khalid lost the same cheque while travelling. What procedure is recommended in this situation? Write any four differences between traditional banking and modern banking Why KYC is mandatory for the banks while opening a bank account?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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5. Mr. Ahmed has purchased goods from Khalid for OMR 1000. Mr. Khalid requested that instead of paying cash, better to issue him a cheque. Mr. Ahmed write a cheque for OMR 1000. Mr. Khalid lost the same cheque while travelling. What procedure is recommended in this situation?
Write any four differences between traditional banking and modern banking
Why KYC is mandatory for the banks while opening a bank account?
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