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Can someone that has full power of attorny have banks or other financial statement sent to you?
Wiki User
∙ 16y ago
Answer Anyone who has Power of Attorney has to go to these financial instutes with the papers that were granted by a court of law and show them as proof before any financial instution will release anything. The reason for this is security. Anyone can say they have Power of Attorney so the banks will demand that proof is given before they release anything to anyone.
Wiki User
∙ 16y ago
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Is the Bank Reconciliation statement a part of financial statement?
Bank reconciliation statement is not part of financial statement it is the helping statement to tally bank account with balance in banks statement.
What is a bank cut off statement?
Cut off statement is the statement of transactions occurred for the 7 to 14 consequent days from the closing date of financial statement like Dec 31 provided by banks. This is useful to check the accuracy of checks outstanding and deposits in transit in accounting.
Why do banks send people a statement?
to show the clients summary of transactions in their account during the time from the previous statement to the current statement.
Is it true or false Under GAAP the accrual system of accounting is used by investors and banks for financial statements.?
Under GAAP, the accrual system of accounting is used by investors and banks for financial statements. True or False?
Is it true or false tht Under GAAP the accrual system of accounting is used by investors and banks for financial statements.?
Under GAAP, the accrual system of accounting is used by investors and banks for financial statements. True or False?
Is the Bank Reconciliation statement a part of financial statement?
Bank reconciliation statement is not part of financial statement it is the helping statement to tally bank account with balance in banks statement.
Why are commercial banks interested in the financial statement?
Commercial banks are interested in financial statements so they can see that how is business performing so that they can invest money in it as well as if business wants credit from bank is business will be able to return it back or not.
How can inside trading with banks affect financial statements?
inside trading between banks can affect bank statements becuase if the money is from a difffrent bank you would have to go to the bank to get a statement from that bank instead of where you got the original statement. the only way of not having to do this is by getting a bank statement from the "owner" bank of the money.
Calculate net interest margin from bank financial statement?
I have the published financial statements of commercia banks, I would like to identify the elements used to calculate the 'net interest margin' Thanks
What is a bank cut off statement?
Cut off statement is the statement of transactions occurred for the 7 to 14 consequent days from the closing date of financial statement like Dec 31 provided by banks. This is useful to check the accuracy of checks outstanding and deposits in transit in accounting.
What are the basic components of Philippine financial system?
Banks and financial intermediaries that are not banks are the components of the financial system of the Philippines. Foreign investors, commercial banks, corporations, and brokers play key roles in the system.
What is the financial sector composed of?
Banks
What are the elements of financial system?
The main elements of Financial System are as follows:MoneyFinancial MarketsFinancial InstitutionsFinancial InstrumentsCentral Banks
What are financial centers?
usually,,banks and brokerage firms are considered financial centers
Who offer mortgages?
Banks, financial institutions.
What kind of advice do banks offer?
Financial.
What is the objectives of foreign banks?
these banks are existing to provide financial assistance to poor NRIs
