answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: The following statements are true with regard to purchase account holders EXCEPT?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What is the first step in finding a card holders statement?

click the account holders high level task


How to write a letter to the bank manager to change the name of account-holder?

Writing a letter to the bank manager to change an account holders name will be easy. You will need to list the current account holders name and information and request the information be changed. Make sure to list the new account holders name and all relevant information.


Are joint account holders liable for the acts of the co-account holders?

Liability is limited to the account and the cash in it. if there is any forgery or crime committed by the co-account holder, the other person cannot be held liable (Provided you have proof that you did not indulge in criminal activity) If the co-holder has lots of debt then the debtor can confiscate the cash in the joint account.


Is a checking account an asset?

From the account holders perspective yes a checking account is an asset. The amount of money you have in your checking account is your asset. From the banks perspective it is a liability because whenever you want your money, the bank has to give it to you.


How can you get bank statement?

1. For Current Account holders on request the bank will take the print out normally on monthly basis and give you directly or to your representative with your authorization. 2. For savings bank accounts normally no statement of account separately given, your passbook will be updated instead. Many of the banks now have computer system where you can simply insert your pass book and the same will be updated (printed) automatically. 3. In case of new generation / private banks they will mail the statement of account to your email id on either on-line or telephonic request. 4. If you have net banking facility you can directly obtain the statement of account. 5.If you are asking for prior period statements or duplicate statements bank may debit your account with a service charge.

Related questions

Can legal order take money from a joint account?

Yes. The holders of the joint account are equal stake holders in the account and a legal order to receive payment from one of the account holders is enough to withdraw/take funds from a joint account.


If a partner is in prison can you freese his bank account if you are not a joint account holders?

If you are not joint account holders, you are not considered an owner of the account. Therefore, you have no rights whatsoever regarding the account.


If your husband owes money to a hospital can they freez a joint bank account?

Yes, they can. A joint account is equally held by the account holders and can be pledged against the debts owed by either of the account holders.


Credit union are owned by who?

The account holders


Where can someone purchase firewood holders?

You can purchase firewood racks or holders at your local Home Depot or Lowe's home improvement store. You can also purchase one from the Amazon website.


Where could someone purchase document holders?

There are a number of options for one looking to purchase document holders. For example, websites such as Ergonomics, Posturite and 3M all have them available to purchase.


Can TX atty subpoena cellular records without account holders written consent?

Yes they can. The records are not the account holders property, they are the property of the phone company.


What is the first step in finding a card holders statement?

click the account holders high level task


Where can I purchase business card holders?

If you want to purchase business card holders, you will have many options of stores. My choice would be Office Max or Office Depot for the purchase of a business card holder.


Where can ID badge holders be bought in bulk?

There are numerous websites that you can visit to purchase ID badge holders in bulk. Websites such as idsuperstore and safecardid have them available for purchase.


Where can one purchase wedding place card holders?

One can purchase wedding place card holders from a specialty wedding supplies store. Other retail stores one could purchase wedding place card holders would be arts and crafts stores such as Michael's.


How to write a letter to the bank manager to change the name of account-holder?

Writing a letter to the bank manager to change an account holders name will be easy. You will need to list the current account holders name and information and request the information be changed. Make sure to list the new account holders name and all relevant information.