Question

What do you mean by the bank's void assets?​

Answer 1

Answer:

A void nullifies a transaction that has been recorded for settlement, but has not yet been settled. This removes the transaction from the batch of transactions to be settled.

Please make my answer brainliest .

Answer 2

Void assets in business,generally refers to the assets that are no longer in use or could be utilized in business operation.These assets can be dispensed or replaced for future use.

Explanation:

For the banks,the assets commonly include any existing bank reserve that the bank can use for its own business operations or lend to its customers as loan or financial lending.Any asset that is void for bank can no longer be used such as a cheque deposited into the bank without sufficient balance or a bounced cheque or a no or zero balance account where the bank cannot use any of the funds for any purposes.In this regard,the bank is allowed to receive funds but without any existing use or utility of those funds.