Every deposit accepted by the bank constitutes: a. A credit on the part of the banker towards the depositor b. An investment on the part of the banker towards the depositor c. A debit on the part of the banker towards the government d. A loan on the part of the banker towards the depositor

Auditing: A Risk Based-Approach (MindTap Course List)
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Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
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Every deposit accepted by the bank constitutes:
a.
A credit on the part of the banker towards the depositor
b.
An investment on the part of the banker towards the depositor
c.
A debit on the part of the banker towards the government
d.
A loan on the part of the banker towards the depositor
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