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Home Interview Accounting and Finance Comments

  • Question
  • The credit balance in the bank account is


  • Options
  • A. amount liable to pay by bank
  • B. amount liable to pay by customer
  • C. Both A + B
  • D. None of the above

  • Correct Answer
  • amount liable to pay by bank 

    Explanation

    Bank credit balance meant that the banker is laible to paid us.

    And if we have a credit balance accouding to bank statement is mean we have " cash at bank" and in our book we show in the assets side but bank show laiblities side.

     

    Hence, The credit balance in the bank account is the amiunt we have in our account and we are eligible to withdraw that.

  • Tags: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

    Accounting and Finance problems


    Search Results


    • 1. Which investment type typically carries the least risk?

    • Options
    • A. Mutual funds
    • B. Treasury bonds
    • C. Savings account
    • D. Individual stocks
    • Discuss
    • 2. Compounding interest means interest accrues

    • Options
    • A. at variable rates throughout the term
    • B. more quickly than simple interest
    • C. more slowly than simple interest
    • D. at the same rate as simple interest
    • Discuss
    • 3. In a fractional reserve banking system

    • Options
    • A. bank accepts deposits
    • B. bank accepts some loans
    • C. bank has some cash reserves
    • D. All the above
    • Discuss
    • 4. The reserves of a commercial bank consist of

    • Options
    • A. the bank's net worth
    • B. the amount of money market funds it holds
    • C. government securities that the bank holds
    • D. deposits at the Federal Reserve Bank and vault cash
    • Discuss
    • 5. What is true about certificates of deposit?

    • Options
    • A. the money has to remain in the account for a specified period of time
    • B. they are the most liquid account available
    • C. they offer lower interest rates than savings accounts
    • D. All the above
    • Discuss
    • 6. Most financial investments are examples of what type of risk?

    • Options
    • A. Credit risk
    • B. Longevity risk
    • C. Human risk
    • D. Inflation risk
    • Discuss
    • 7. The interest-rate effect suggests that

    • Options
    • A. an increase in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending.
    • B. a decrease in the supply of money will increase interest rates and reduce interest-sensitive consumption and investment spending
    • C. an increase in the price level will decrease the demand for money, reduce interest rates, and increase consumption and investment spending.
    • D. an increase in the price level will increase the demand for money, reduce interest rates, and decrease consumption and investment spending.
    • Discuss
    • 8. An increase in the price of product A will

    • Options
    • A. reduce the demand for resources used in the production of A.
    • B. reduce the demand for substitute product B
    • C. increase the demand for complementary product C.
    • D. increase the demand for substitute product B.
    • Discuss
    • 9. Which of the following best describes Accounting?

    • Options
    • A. is an information system that provides reports to its stakeholders regarding economic activities and the condition of the business
    • B. is used only for filling out tax returns and for financial statements for various types of governmental reporting requirements
    • C. records economic data but does not communicate the data to users according to any specific rules
    • D. is of no use by individuals outside of the business
    • Discuss
    • 10. The accounting process is correctly sequenced as

    • Options
    • A. Identifying?recording?communicating
    • B. Identifying?communicating?recording
    • C. Communicating?Recording?Identifying
    • D. Recording?Communicating?Identifying
    • Discuss


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