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Can a power of attorney and proprietor both operate an current account?
Wiki User
∙ 13y ago
Yes. Both the owner/proprietor of a bank account and the person to whom they have given power of attorney can operate a bank account. Actually a person with power of attorney is as good as the person (in legal terms) itself and so they both can operate the bank account without any issue.
Wiki User
∙ 13y ago
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What proprietor capital?
Proprietor's capital refers to the owner's investment or equity in a business. It represents the funds contributed by the owner to start or operate the business and is distinct from liabilities or loans. Proprietor's capital is typically shown on the balance sheet as part of the owner's equity section.
My boyfriend owns a business as a sole proprietor What happens if he dies Can I continue to operate under his business license if in my name?
transfer
Will a bell ringing transformer operate on direct current?
No. Transformers always operate only on alternating current. They will burn up on direct current. That is, if the fuse does not blow first.
Did ceiling fan operate on dc or ac current?
ac current
Difference between current account and savings account?
A Savings Bank Account is the basic type of bank account where customers can park or save their surplus cash. The money in the account is extremely liquid and can be withdrawn by the customer anytime they want. As a result, the interest rate provided by the banks on such accounts is also very less. In india the savings account interest rate is 4%. Banks may also give you cheque books and ATM/Debit cards to operate your bank account. A current account on the other hand is an account used predominantly by businessmen. There usually a higher number of transactions that are allowed in a current account when compared to savings account and it also earns much lesser interest than a savings account.
What is current account saving account deposit?
A Savings Bank Account is the basic type of bank account where customers can park or save their surplus cash. The money in the account is extremely liquid and can be withdrawn by the customer anytime they want. As a result, the interest rate provided by the banks on such accounts is also very less. In india the savings account interest rate is 4%. Banks may also give you cheque books and ATM/Debit cards to operate your bank account. A current account on the other hand is an account used predominantly by businessmen. There usually a higher number of transactions that are allowed in a current account when compared to savings account and it also earns much lesser interest than a savings account.
Can a corporation operate without a bank account?
No definitely not.
Do devices operate on power or current?
Electrical devices use power to operate, but power does not exist without current. Alternately, if current is flowing, power is being stored or used by some electrical device.
What is characteristics of current source?
The characteristic of the current sources is that it cannot operate in an pen circuit.
What is the use of current and saving account?
A current account is one in which businesses keep some money and use it for their day to day transactions. The money in this account does not earn any interest and is available for usage to the customer at all times. A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.
Which of these is needed to operate on an electric motor?
alternating current
Which of these is needed to operate an electric motor?
alternating current
