Acceptance, Endorsements and other obligations are a contingent liability of bank.

Related MCQs

• Rebate of Bills discounted is an income received in advanced which is carried forward as other liability.
• Determine Working capital turnover ratio if, Current asset is Rs 1,50,000, current liability is Rs 1,00,000 & cost of goods sold is Rs 3,00,000.
• Under the………………… entry system personal accounts, cashbook and other subsidiary books are kept separately.
• An assets becomes non performing when it to generate income for bank.
• Sub standard asset are certain loan asset of a bank which are classified as ………….assets for a period not exceeding two year.
• An assets become non-performing when it ceases to generate income for a Bank.
• All sums of…………….received and expended by the Society and the matters in respect of which receipts and expenditure take place.
• Profit and losses can’t be ascertained because Trading and Profit and loss account can’t be prepared.
• Every banking company should prepare a balance sheet and profit and loss accounts as on……………..each year.
• Interest paid and payable comes to the……………side of the profit and loss account.