question_answer

Consider the following statements:

1. In Banks, the "Staff Security Deposits" come under Time Liabilities

2. In Banks. "Cash certificates" come under the

Demand Liabilities Which among the above statements is/ are correct?

A) Only 1 is correct

B) Only 2 is correct

C) Both 1 and 2 are correct

D) Neither 1 nor 2 is correct