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WAEC 2024

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

  1. Aevaluating the entity's share of the market.
  2. Bascertaining the tax payable by the entity.
  3. Cassessing the credit worthiness of the customer.
  4. Ddetermining the dividend payable to shareholders.

Explanation

Banks use a client's accounting information (like financial statements) to evaluate their ability to repay loans and manage their finances, which is crucial for assessing their creditworthiness before granting credit facilities.

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