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What is the accounting information requirements of bank |
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Answer» ing requirements for bank :Bank is INTERESTED in safety Bank is interested in adequacy ofof the PRINCIPAL as well as PROFITS only as an assurance of thethe periodic return return of principal and interest BACK in time. Bank is equally concernedabout the form in which the assetsare held by the business. When more assets are held in cash or near cashform, the aspect is knnown as liquidity. |
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