riefly explain about Sources of Bank Funds: Bank Liabilities- Deposits/ Non-Deposits. No plagiari

Q: Which of the following is NOT a criterion for evaluating bank liquidity used by regulators? a.…

A: Bank liquidity refers to measures of cash and other assets equivalent to cash which is available…

Q: Prepare the Bank Reconciliation Statement

A: Bank Reconciliation statement is prepared in order to reconcile the cash account balance as per the…

Q: Basic bank services do not include: Multiple Choice Checking. Bank deposits. Bank accounts. Cash…

A: A bank is a financial institution that is authorized to accept deposits, and advance loans. Further…

Q: prepare a Bank Reconciliation Statement.

A: Bank reconciliation statement is the statement which is prepared at the end of the period in order…

Q: In preparing a bank reconciliation statement, which of the following items will not be included the…

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

Q: Which of the following would be added to the balance per books on a bank reconciliation?   Question…

A: In  Cash Book we maintain Cash and Bank columns.  The Bank columns incudes bank…

Q: All of the following are common ratio measures of bank liquidity EXCEPT: a. loans/deposits b.…

A: The liquidity ratio refers to the short-term financial ratio that determines the ability to meet the…

Q: riefly explain about Basic Concepts of sources of Bank Funds. No plagiarism.

A: Introduction : In simple words, banks are the financial institutions which work as a bridge between…

Q: Ina bank reconciliation statement, explain. A. Non-sufficient-funds (NSF) check B. What is a deposit…

A: Bank Reconcilation Statement Bank reconciliation is the process of  reconciling  of cash balance  as…

Q: Which among the following is not a liquid asset Cash deposited in a bank O Stock O Bills receivable…

A: A liquid asset is the asset which can be quickly converted into cash.

Q: When preparing a bank reconciliation, a not sufficient funds (NSF) check is

A: Not sufficient funds (NSF) check is the check issued by the issuer but which is not honured or…

Q: no sufficient fund” appears on a bank reconciliation as a/an... A. Addition to the balance of cash…

A: When we deposit a check we assume that it has been cleared so at that time we increase the balance…

Q: bank reconciliation statement preparation

A: Option 1 is wrong because as per bank to book method of bank reconciliation, bank balance is…

Q: accounts are not transferrec to Realization Account? O a. Bank overdraft O b. Reserve fund O c.…

A: Option D is the correct Answer i.e All Options are Correct.

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: Prepare a Bank Reconciliation Statement using: a. Adjusted Balance Method b. Book to Bank Method…

A: Bank reconciliation statement is a statement prepared  to reconcile or agree the bank balance as…

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: Which of the following are reported as liabilities on a bank’s balance sheet?   Group of answer…

A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of…

Q: Which of the following are found on the bank side of the bank reconciliation? Group of answer…

A: The bank reconciliation statement is prepared at a specific interval, Where the balance of books is…

Q: banks sources of funds include all of the following except deposits  bank capital  borrowings…

A: Every business have two sources of funds. They are : 1. Sources of funds  2. Application…

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: A bank's required reserve ratio is equal to: Checkable Deposits/Required Reserves   Net Worth/Assets…

A: In the context of the given question, we are required to explain the required reserve ratio which is…

Q: xplain about, B

A: Introduction : A bank can be understood as the type of financial organization that receives public…

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

A: Introduction: An invoice of barter is a criminal assumption that binds one party to pay another a…

Q: Bank overdrafts that are repayable on demand

A: Bank overdraft account is a current liability repayable within one year.

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 bank reconciwhliation

A: Bank Reconciliation Statement:  Bank statement is generally provided by the bank. Apart from bank…

Q: The Undeposited Funds account contains: A) Only partial payments received from customers B) Funds…

A: The undeposited funds account means ro show the amount of the other current assets in assets side of…

Q: rately explain a

A: Introduction : In simple words, banks refers to a financial institution which provides funds to the…

Q: From page 4-4 of the VLN, in a bank reconciliation how are outstanding deposits treated? Group of…

A: By summarizing banking and commercial activity, a bank reconciliation statement reconciles an…

Q: Bank overdrafts are generally reported as:   Question 9 options:   a non-current asset.   a…

A: 9. Bank overdraft is the liability for the business which is payable within 12 months. Hence the…

Q: Which of the following is NOT a criterion for evaluating bank liquidity used by regulators? a.…

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

Q: Which item is not considered cash and cash equivalents on the balance sheet? a. Unrestricted funds…

A: Cash equivalents are the near-cash items, which are readily convertible into cash. Cash equivalents…

Q: why is petty cash fund deducted in the book balance of the entity when making bank reconciliation?

A: A petty cash fund is a fund where some money is kept separately to pay for minor expenses such as…

Q: In which of the following withdrawal of funds by a person from a bank can be made on maturity date…

A: Withdrawals from current deposits and saving deposits can be done at any point of time depending on…

Q: Explain why the money listed under assets on a bank balance sheet may not actually be in the bank?

A: Balance sheet of the bank used to operate under an assets, where the net worth of bank used to…

Q: What item on the bank statement that may differ from the company's financial records.      NSF…

A: The bank  reconciliation statement is prepared to match the balance of Cash in bank statement and…

Q: In a bank reconciliation statement, explain. A. Non-sufficient-funds (NSF) check B. What is a…

A: Bank Reconciliation Statement - Business firms record the transaction which help them to maintain…

Q: Identify transaction NOT belonging to Cash Equivalents O a. Bank Balance O b. Bank Overdraft O c.…

A: Cash equivalents are the items that are equivalent to cash means either thise are cash ready or…

Q: Prepare a bank reconciliation statement

A: Bank Reconciliation statement is prepared when there is difference between cash balance as per…

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.