Home » Interview » Accounting and Finance

Which among the following is an asset for a bank?

Correct Answer: The loans disbursed by Bank to its customers

Explanation:

Asset means anything that can be converted into cash. Here in banks, the loans disbursed by Bank to its customers is considered as assets because when they are cleared by them, then they are directly converted to cash.


← Previous Question Next Question→

Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion