Banking Awareness - Basics Of Banking & Banking Terminology
Which item is shown as an asset in the balance sheet of a commercial bank?
Which item is shown as an asset in the balance sheet of a commercial bank?
easy Q1 of 15
Step-by-Step Solution
Step 1: Identify income-generating items
Assets are items that bring money to the bank.Step 2: Analyse the option
Bills discounted are repaid by customers with interest.Final Answer:
Bills discounted → Option AQuick Check:
Money receivable by bank = asset ✅
Quick Trick: If bank receives money later → asset.
Common Mistakes:
- Treating customer deposits as bank assets.
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