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Question - Mr. X has a current account with ABC Bank Ltd. His clerk forged his signature to a cheque for TK. 50.000/- and encashed it as the bank. Mr. X, having come to know of this irregularity claims the amount from the banker. Meanwhile, the banker claims that he has paid it in due course. Can a banker escape from his liability?
Discuss a banker's right of set-off and right of appropriation.
If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account.
the current items listed in alphabetical order are taken from the consolidated balance sheets of coca-cola as of
The amount by which the 2009 consolidated net income that accrues to the controlling interest will be lower as a result of this being an intercompany transaction is:
On January 1, 2011, Liberty decides to sublease the space to Moberly Co. for the remaining five years of the lease-Moberly pays $30,000 to Liberty.
Hart Lumber is considering the purchase of a paper company. Purchasing the company would require an initial investment of $300 million.
Federated fabrications leased a tooling machine on January 1, 2011, for a three-year period ending December 31, 2013. The lease agreement specified annual payment of $36,000 beginning with the first payment at the inception of the lease, and each ..
In 2016, Allgood Tubing, Inc. hired Pedro Urrutia and Shane Earhart as full-time employees. At the time, Pedro was 19 and lived in an empowerment zone.
Accounting Standards And Accounting Information System assignment help and assessment help - Can you describe the various principles, standards and Opinions.
Briefly define each of the following types of investment programs and note the kinds of stock (blue chips, speculative stocks, etc.).
nayak company has recorded the following items in its financial records. cash in bank41000 cash in plant expansion
Does a conversion process occur in manufacturing companies only? Why or why not?
Compute the NPV statistic for Project U if the appropriate cost of capital is 11 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations.
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