Question

Given below are statements. Some of these statements are true and
some are false. Write ‘T’ for True and ‘F’ for false statements.
i. Bank credits trader’s account as soon as it receives cheques
from the firm.
ii. Bank makes certain payments on behalf of the customer under
his standing instructions.
iii. Bank charges are never entered in the cash book.
iv. Direct receipts by the bank on behalf of customer would increase
the balance shown by pass-book.

Answer 1

Answer:

1: true

2: false

3: true

4: false