On a bank's balance sheet,
a. deposits and loans are assets
b. deposits and loans are liabilities
c. deposits are assets; loans are liabilities
d. deposits and loans are not listed
e. deposits are liabilities; loans are assets
2007-05-07 13:15:33 · 6 answers · asked by ? 3 in Business & Finance ➔ Personal Finance
C!!!!! ahhhh....hahahahaha CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC
2007-05-07 13:23:03 · answer #1 · answered by Anonymous · 0⤊ 4⤋
Wait a minute; I disagree with the other posters.
For a bank, people deposit money with the bank. Those deposits are not the bank's money but the depositors' money. They are like accounts payable. Therefore, the deposits are a liability that need to be paid back to the depositors.
Conversely, loans are assets. The bank loans money to borrowers. Those loans must be repaid. The loans are assets. They are like accounts receivable.
***** I AM RIGHT *****
Look at the link for JP Morgan Chase's 2006 Balance Sheet:
http://files.shareholder.com/downloads/ONE/123472148x0x86653/f71d68a8-37bb-4c6a-80dc-e733557ff685/Consolidated_financial_statements_and_Notes.pdf
Loans are listed as Assets
Deposits are listed as Liabilities.
The correct answer is E!
2007-05-07 13:25:32 · answer #2 · answered by 2007_Shelby_GT500 7 · 5⤊ 0⤋
there are various difference between the agency stability sheet and the financial employer stability sheet. financial employer is a corporation which keeps the money the systematic way or the agency the place are agency keeps its stability sheet with the aid of using it manpower. there is the link interior the define which will grant help to thru this technique
2016-12-28 17:00:34 · answer #3 · answered by sehorn 3 · 0⤊ 0⤋
deposits are assets; loans are liabilities
2007-05-07 13:18:21 · answer #4 · answered by Мəəĸά 4 · 0⤊ 4⤋
C... anything that is a "possitive" is an asset
anything that is a "negative" is a Liability
2007-05-07 13:20:14 · answer #5 · answered by Anonymous · 0⤊ 4⤋
C
2007-05-07 13:19:31 · answer #6 · answered by Dreams 3 · 0⤊ 4⤋