What is the purpose of the Manual of Regulations for Banks (MORB)

Q: efly explain about Basic Concepts of the Bank's Financial Statements.

A: Financial statements (or financial reports) are formal records of a business, individual, or other…

Q: In a commercial bank, interest rate set for customers are the bank's assets. loans disbursed to…

A: Assets are owned by the bank whereas liabilities are to be paid by the bank. The detailed…

Q: What does liabilities mean for the balance sheet of any bank? Explain briefly.

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: This is the PRIMARY FUNCTION OF COMMERCIAL BANKS  TRUST FUNDS SAFE DEPOSIT BOXES EXTEND CREDIT…

A: 1.Trust Fund is an entity that holds property on behalf of someone 2.Safe Deposit Boxes means…

Q: Required: Prepare a bank reconciliation for Gates Company

A: Bank Reconciliation Statement refers to a statement that reconciles the bank balance as per company…

Q: describe the structure of a bank bill. In your explanation, clearly distinguish the roles of the…

A: Introduction: A bill of exchange is a written document that obligates one party to pay another a…

Q: Explain how will you analyze Financial Statements of a Bank.

A: Bank financial statement  Although banks' financial statements generally follow a similar format to…

Q: Explain the rights, powers and duties of an auditor of Banks.

A: The inspection and inspection of any organization's, entity's, or company's books of accounts is…

Q: why is it important for companies to prepare bank reconciliation periodically?

A: Any businessman or a company contains a book called as Cash Book. This cash book contains the…

Q: What is the role of the Core Principles of Effective Bank Supervision as it relates to operational…

A: Core Principles for Effective Banking Supervision that Supervisors across the globe may consider…

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: what is the basics of banking and discuss the various type of deposits

A: A bank is a sort of financial entity that may accept deposits and lend money. Banks may provide…

Q: Critically discuss the effect of deposit insurance on bank stability.

A: The deposit insurance is an insurance product that is offered to reduce or eliminate the risk of…

Q: Briefly explain about Managing Banking and financial services: The Indian Banking System No…

A: A banking system is one that controls the economic activities of a country. The banking system…

Q: Identify the types of bank accounts normally maintained by a business and explain

A: Answer: Bank accounts are the accounts that are used to deposit cash of the bank so that it is used…

Q: How does the FASB codification ASC 310-10-05-4 apply to banks and their accounting transactions? If…

A: The FASB codification 310-10-05-4 deals with the receivables during the year. receivable may arise…

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: Identify the following users of accounting information as either an (a) external or (b) internal…

A: Answer: External user.

Q: business continuity plan recommendated for a bank dealing with COVID-19

A: COVID-19 has  impacted business across the globe and it continues to present  many unforeseen…

Q: What are some common controls used with a bank account?

A: Internal controls are implemented with the objective to ensure the reliability of financial…

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: Discuss the main reasons for regulating the banking system.

A: Bank regulation is a form of government law that subjects banks to requirements, regulations,…

Q: Describe the nature of banking. What are the functions of banks? Give

A: Banking refers to a broad range of financial institutions that hold funds for individuals,…

Q: prepare a bank reconciliation.

A: Bank Reconciliation is process in accounting in which company compare or match their bank statements…

Q: Identify and explain the procedures that are important to the examination of bank’s accounts.

A: The banking industry is the pivot of any economy and its financial system. Banks are one of the…

Q: The term ‘loanable funds' refers to: a. only those funds loaned by one bank to another bank. b. only…

A: Loanable funds is that financial term that refers to sum total or aggregate of all sums of money…

Q: What are the different types of deposit accounts and loans offered to customers by any one…

A: SOLUTION PRIMARILY , BANKS OFFERS TWO TYPES OF DEPOSIT ACCOUNTS .THESE ARE DEMAND DEPOSIT LIKE…

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: Banking relates Banks provides The Banks heln

A: Explanation : The fact that banks are the backbone of every economy and provide high level of…

Q: Discuss the different types of banks deposits in respect to features, interest, cost, withdrawals,…

A: The question is based on the concept of different accounts offered by a bank. Bank accepts deposits…

Q: how banks will have to adjust business continuity plan to deal with covid 19

A: Banks will have to adjust their business continuity plan (BCP) in a systematic and tangible manner…

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: of bank account

A: Answer: Bank accounts are mainly opened to make easier payments and receipts worldwide. Types of…

Q: Prepayment of loans may be initiated by a. borrowers and lenders b. bank auditors c. the central…

A: Prepayment of a loan means the pay off the loan before the due date. Prepayment will save interest…

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,…