Choose the function and service of a bank in which Bank Purchases and sells securities, shares and debentures on behalf of their customers. a. Miscellaneous Functions of the banks b. Discounting of Bills of Exchange c. Investment of Funds d. Agency Function

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: Case D Identify one private-owned bank and one government-owned bank. How would the services being…

A: Private Banks Private banks are those that are held by a single person or a group of general…

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: Arrange the following information on Bank X into its income statement. Label and place each item in…

A: Financial Statement: financial statement is an organized information about the financial position…

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

A: MORB stands for Manual of regulations for banks is nothing but an authoritative codifications of…

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 steps of bank reconciliation in Accounting.

A: A statement that is prepared to identify the reasons for the difference and to reconcile the…

Q: ethods used by a bank to monitor bank advan

A: A loan from a bank to a third party with the understanding that the loan will be repaid. Almost all…

Q: Match the type of bank income (revenue) with the associated source. Revenue received from wealth…

A: Interest Income: It is the main source of Income for banks and financial institution, interest…

Q: What is the bank reconciliation statement

A: The cash book is prepared to keep the record of cash balance.

Q: Describe the purpose and steps of the bank reconciliation

A: The practise of comparing a corporation's records with its bank statements to verify that all…

Q: From a bank's viewpoint, a customer's account in the bank is considered a: a.donation. b.liability.…

A: Bank statement: This is a periodic or monthly statement issued by bank reporting the account summary…

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: What is bank reconciliation and how do l prepare a bank reconciliation statement

A: Answer is provided as follows:

Q: Elaborately explain about, Uses of Bank Funds – The Lending Function: The credit process. No…

A: Uses of Bank Funds: Bank funs the amount of money present with the bank that is deposited by 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: If a bank is in a 'state of continuing inability or unwillingness to maintain a condition of…

A: Liquidity is the risk to a bank's earnings and capital arising from its inability to timely meet…

Q: Using the categories of liquidity, profitability and operations management describe which ratios…

A: Solution Ratios analysis is used to determine the information regarding organisation's…

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: 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: Assign the letter to indicate whether the following items would be added to or subtracted from the…

A: Bank Reconciliation: Bank Reconciliation statement is the statement that reconciles bank account…

Q: All the following are assets for commericial banks exept: A) loans B)cash C)Deposits…

A: A commercial bank is a type of financial organisation that handles all activities linked to…

Q: What is the primary asset of any bank? Select an answer: checking and savings accounts investments…

A: Primary Assets - For a Bank, assets are kind of financial instruments that banks is holding or where…

Q: Explain the purpose for preparing bank reconciliation statement.

A: Bank reconciliation statement: Bank statement is prepared by the bank. The company maintains its own…

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: Which among the following is not a function of a bank? a. Issuing demand drafts b. Paying interest…

A: A BANK IS A FINANCIAL INSTITUTION LICENSED TO RECEIVE DEPOSITS AND MAKE LOANS . BANK ALSO PROVIDE…

Q: method of preparing bank reconciliation wherein the bank balance is adjusted to agree with the book…

A: A bank reconciliation statement is prepared by management at a certain time period. It is used to…

Q: Which of the following is a non-depository financial institution? savings bank commercial bank…

A: Financial market consists of many types of financial institutes. There are two types of financial…

Q: The complete set of financial statements of an Islamic Bank should include A)Statement of cash…

A: The financial statements of an Islamic Bank include all of the following options so as to enhance…

Q: What are the four major categories of assets on a commercial bank’s balance sheet and income…

A: Commercial banks: It is the financial institution that accepts deposits from the public and gives…

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 is a bank statement and discuss the importance of a bank statement to a depositor.

A: solution bank statement                 Bank statement is a statement generated by the bank which…

Q: A. Apart from the information arising from your analysis what other information would you advise the…

A: Answer:-  Decision making meaning:- The process of choosing choices by identifying a decision,…

Q: As described in the textbook, the following are some of the general principles of proper bank…

A: Answer: Principal Agent Management. General principle of a proper bank management includes,…

Q: The document that explains all the differences between the company’s cash records and the bank’s…

A: Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own…

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: 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: basic concepts of bank reconciliation.

A: Bank Reconciliation: In the banking scenario, the account and mirror account having the opposite…

Q: in terms of bank balance sheets which of the following is correct?

A: Bank balance sheet shows all sources and uses of bank funds. It's assets represents the uses of…

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.