6) For the bank that issues it, the guarantee is an accidental asset that appears within its regular accounts and turns into an actual asset if the customer fails to fulfill the obligations for which the guarantee was issued.

Select one: True False

7) When a check is deposited in the amount of 500 dinars in the debit current account with the Housing Bank and the check is drawn on Al-Quds Bank, the debiting party in the Housing Bank for the accounting entry is the current debtor to the deposited customer

Select one: True False