The table below shows balance sheet data, in £m, for a phone-based bank, Android Bank: £m loans to corporati ons 50 loans to households 600 AndroidBank's holdings of shares and bonds, etc retail current account deposits (deposits by general public with AndroidBank) commercial current account deposits (deposits by companies with AndroidBank) tangible assets and property 300 1500 50 500 cash in vaults 50 reserve deposits with Bank of England (deposits by AndroidBank) borrowing by AndroidBank in money market 300 25 Android Bank has total liabilities of £1550m. Select one: O True False

The table below shows balance sheet data, in £m, for a phone-based bank, Android Bank: £m loans to corporati ons 50 loans to households 600 AndroidBank's holdings of shares and bonds, etc retail current account deposits (deposits by general public with AndroidBank) commercial current account deposits (deposits by companies with AndroidBank) tangible assets and property 300 1500 50 500 cash in vaults 50 reserve deposits with Bank of England (deposits by AndroidBank) borrowing by AndroidBank in money market 300 25 Android Bank has total liabilities of £1550m. Select one: O True False

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A ____ is an interest-bearing checking account. Group of answer choices NOW account certificate of deposit Treasury bill regular checking account Series EE US savings bond
CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 100 01 TL Case 23000 100 02 Dollars Case 23000B) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 102 02 X Bank DTH Hes 23000 100 01 TL Case 23000C) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 100 02 Dollars Case 23000 100 01 TL Case 23000D) THE CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 100 03 Case of Euro 5000 100 01 TL Case 5000E) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 100 02 Dollars Case 5000 100 01 TL Case 5000
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Using T-accounts, show what happens to checkabledeposits in the banking system when the Fed lends$1 million to the First National Bank
1. Rank each feature from most important to least important. (1 to 8) 1 being most important. RANK THESE ACCOUNT FEATURES: It’s Quick and Easy Convenient Access To Your Cash Help Tracking Your Finances Pay Day Is Right On Time Online and mobile banking make your life easier Your money is safe Save on other financial needs Help and support when you need it.
a) prepare the genral journal entries necessary to update the Bank account in the general ledger for Nov 2017\ b) prepare the bank reconcilation as at 30 Nov 2017
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