Q: Which of the Deposits in the bank provides facility for bank overdraft? Select one: O a. Current…
A: Banking system is a system in which bank organizations seeks deposit from public to lend them…
Q: The bank does not subtract the amount of your payment from the beginning balance but charges you…
A: Accrued interest: Accrued interest is the outstanding interest expense in the accounting period, as…
Q: Why is it important to prepare a bank reconciliation?
A: Bank reconciliation statement is prepared where an entry which is found in one book (Cash book or…
Q: what is ADVANTAGES AND DISADVANTAGES OF THIS MORATORIUM in banking to BANKS . Give an example
A: MORATORIUM- is an option available to borrower to defer the EMI payment. During the moratorium…
Q: On a bank reconciliation. Deposit in transit is.....?
A: Bank reconciliation is a method of reconciliation of balance in bank book with the total of balance…
Q: Every deposit accepted by the bank constitutes: a. A credit on the part of the banker towards the…
A: Deposit: It is a financial term which means money held at bank.
Q: e bank omits a deposit
A: There are certain items that cause differences in the balances as per books and balance as per bank.…
Q: when a company establishes a credit line with a bank, it is the same as borrowing from the bank True…
A: Credit line is similar to taking a loan but in credit line loan is taken on a regular basis. There…
Q: Why Central banks requires banks to hold that amount of money? explain ?
A: Banks accept public deposits and lend that amount as loan to individual and companies at a higher…
Q: what is MORATORIUM” IN BANKING? explain.
A: During a moratorium period, your lender will calculate the interest on your loan using the notion of…
Q: Discuss how Unpresented Cheque and Uncredited Cheque contributes to the disagreement between cash…
A: A bank reconciliation statement is prepared by the company to match the balance as per the bank…
Q: what are the two most differences between the bank side and the book side of a bank reconciliation?
A: Bank reconciliation is a statement which explains the reasons of difference between the balance as…
Q: Why is it important to prepare a bank reconciliation
A: Bank reconciliation is the statement prepared by the entities to check if there are any variations…
Q: When the guarantor (the guarantor) violates the terms of the guarantee in the case of a letter of…
A: Answer is (c)
Q: Discuss using figures how Bank Overdraft will affect the preparation of Bank Reconciliation…
A: Bank reconciliation statement is a kind of statement prepared in order to reconcile the balances…
Q: true or false The issuing bank's signature is only to be placed on the advice for the beneficiary.
A: The question is multiple choice question.
Q: Which of the following reconciling items may not result from bank side reccords of a bank account?
A: The financial statement which records the amount differences between bank statement and bank account…
Q: What bank regulation is designed to reduce adverse selection problems for deposit insurance? Will it…
A: Banks are the financial institutions that are involved in providing financial services to their…
Q: NSF results in a bank crediting one’s account. True or false
A: Non-sufficient funds in banking terms means that there is not enough money in the account to pay the…
Q: What is the purpose of preparing a bank reconciliation?
A: Bank reconciliation is prepared to reconcile the company's cash book that is reconciled with its…
Q: How is responsible for preparing the bank reconciliation and what is the pur Pose of it:
A: Bank Reconciliation Statement - A statement showing the business activity of the company to…
Q: hat is the importance of regular bank reconciliations?
A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…
Q: How can you tell whether the amount on a check was altered after it was paid by a bank?
A:
Q: A. What is a bank reconciliation and why is it important for companies to do it periodically?
A: Balance per bank Add : Undeposited collections Total Deduct : Outstanding checks Check No. x…
Q: What bank regulations are designed to reduce moral hazard problems created by deposit insurance?…
A: Bank regulation is defined as the government regulation form that is subjected to requirements,…
Q: Which of the following statement is not true about Central bank? a. It ensures stable financial…
A: Central bank is the lender of last resort.
Q: What if the drawee bank failed to determine right away that the CHECK is supposed to be dishonored…
A: Cheque bounce is a criminal offence under Section 138 of the Act, for which the payee can file a…
Q: What’s the difference between a commercial bank and an investment bank?
A: A financial institution that provides services such as accepting the deposits and providing the loan…
Q: Which of the following accounts will not be used in case a security is discounted or collected to…
A: The bank will provide a facility for short-term loans by taking the accounts or notes receivables of…
Q: When the guarantor (the guarantor) violates the terms of the guarantee in the case of a letter of…
A: Answer: If any guarantor fails to comply the terms of letter of guarantee there is obligation in the…
Q: what is MORATORIUM” IN BANKING? explain. no plagiarism
A: A moratorium helps the borrower by providing time to arrange the finance to make the loan payments.…
Q: How is a line of credit issued by a bank similar to a credit card?
A: Line of credit is the amount that bank or any other financial institution has allowed to lend to the…
Q: As part of the safeguards against imprudent banking, the General Banking Law imposes limits or…
A: As part of the safeguards against imprudent banking, the General Banking Law imposes limits or…
Q: Which field typically appears in the Bank Register but not usually in reports?
A: QuickBooks is accounting software used by small and medium-sized businesses to get good accounting…
Q: overdrafts and overdraft fees
A: A bank is a type of financial institution which is licensed for the purpose of receiving deposits…
Q: Which of the following is NOT a type of depository institution? O Commercial Banks O Savings and…
A: Those financial institutions that have the authority to obtain the funds in the form of deposits…
Q: A checking account is: OPTIONS: an asset to a commercial bank. a liability to a commercial bank. an…
A: A checking is a bank saving account which is opened with a commercial bank by a customer. He can…
Q: Why is there a need for banking regulations to regulate savings and the lending of money by…
A: Banks are one of the most important financial institutions. Banks play an integral role when it…
Q: what are the consequences of bank failures?
A: A bank failure occurs when a bank is unable to meet its obligations to its depositors or other…
Q: How do adverse selection and moral hazard affect the bank lending function? And How can minimise…
A: A Moral hazard occurs when one party tends to behave in the riskiest manner if it is protected…
Q: In a bank, the employee interacting with someone seeking a loan does not have the authority to grant…
A: PLEASE LIKE THE ANSWER IT IS THE PART OF BANK'S INTERNAL CONTROL. As, THAT THE PERSON ADVISING THE…
Q: ould be recorded using the Bank Deposit form?
A: Transaction types should be recorded using the Bank Deposit form are : A. Cash received from loans.…
Q: What are the benefits of government setting and managing bank fees and rates to depositors?
A: Government used to deal with the citizens as well as deliver the public as well as social services,…
Under what conditions may a bank refuse to make payment?
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- What necessary steps should be taken by the bank if they classify an account as unsatisfactory?If a bill of exchange is discounted and on the date of maturity such bill of exchange was dishonored by the acceptor, what will the bank do to collect such amount?What is the basic obligation of a depositary bank to its depositor?
- What If the Facts Were Different? Suppose that West Bank’s Deposit Account Agreement had not included “an obligation to Depositor to exercise good faith and ordinary care in connection with each account.” How might the result have been different?What federal law protects cosigners on a loan agreement? What is the bank required to do? What other protections are included in this law?What bank regulation is designed to reduce adverse selection problems for deposit insurance? Will it always work?