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3. ACCOUNTING 3.4 3.4.5 Liabilities Issuance of Duplicate Instruments 1 3.4.5.10 Before a duplicate instrument is issued, the issuing officer should require the person making application for its issue
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What is issuance of duplicate instruments?
Issuance of duplicate instruments refers to the process of requesting and obtaining a duplicate copy of an original financial instrument such as a cheque, bank draft, or promissory note. This is usually done when the original instrument is lost, stolen, or damaged.
Who is required to file issuance of duplicate instruments?
The person or entity who originally issued or received the financial instrument is usually responsible for filing the issuance of duplicate instruments. This could be an individual, a company, a financial institution, or a government agency.
How to fill out issuance of duplicate instruments?
To fill out the issuance of duplicate instruments, the requester will typically need to provide information such as the original instrument number, date of issuance, reason for requesting a duplicate, contact details, and any supporting documentation. This process may vary depending on the specific requirements of the organization or institution issuing the duplicates.
What is the purpose of issuance of duplicate instruments?
The purpose of issuance of duplicate instruments is to provide a replacement for the original instrument that has been lost, stolen, or damaged. This allows the rightful owner to still utilize the financial instrument for its intended purpose, such as making a payment or receiving funds.
What information must be reported on issuance of duplicate instruments?
The information that must be reported on the issuance of duplicate instruments may include the original instrument number, its date of issuance, the reason for requesting a duplicate, any relevant reference or identification numbers, and the contact details of the requester. Additional information may be required depending on the specific requirements of the organization or institution issuing the duplicates.
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