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A bank is interested in accounting information of a client for the purpose of  

Accounts - Principles of Accounts
WAEC 2024

A bank is interested in accounting information of a client for the purpose of  

  • A. evaluating the entity's share of the market. 
  • B. ascertaining the tax payable by the entity.
  • C. assessing the credit worthiness of the customer.
  • D. determining the dividend payable to shareholders. 
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Correct Answer: Option C
Explanation

The banks will examine the financial statement of a business when it wishes to give them to such business.

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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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