Question: THE TOPIC & TASK Write a paper in about 1000 words (+/- 5%) in respect of the following 3 question: You have to structure your

THE TOPIC & TASK

Write a paper in about 1000 words (+/- 5%) in respect of the following 3 question: You have to structure your paper suitably and declare word count on the cover page.

1. Compare and Contrast the accounting opening procedures of personal and corporate accounts.

2. A cheque bearing a NOT NEGOTIABLE crossing is not a negotiable instrument. However, such as cheque can still be transferred, but the transferee will not get a better title than the transferor. Do you agree with this statement? Explain with law principles.

3. Suppose Peter forges his wife, Amys signature and fraudulently withdraws, over a period of 1 year, a total sum of $1million from Amys account. Amy knows about this but takes no action. What are the possible legal consequences Amy might face?

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