0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is a checking account an asset?
From the account holders perspective yes a checking account is an asset. The amount of money you have in your checking account is your asset. From the banks perspective it is a liability because whenever you want your money, the bank has to give it to you.
Are bank checks assets or liabilities to banks?
Neither.The liability for a bank is the actual checking or savings account (demand account), as this is money that is owed to the depositor. A bank check is simply a way to demand payment from the bank's liability account (or the depositor's asset account). The check by itself is not an additional liability to the bank above and beyond the actual account balance.
What has the author Mitali Sen written?
Mitali Sen has written: 'Liability structure of Indian commercial banks' -- subject(s): Asset-liability management, Bank liabilities, Banks and banking
What are the liability products in banking?
Current Accounts, savings accounts, Demand drafts and cash deposits are all liability products offered by banks to its customers.
What has the author Vibha Jain written?
Vibha Jain has written: 'Non-performing assets in commercial banks' -- subject(s): Asset-liability management
What has the author Laurent Balthazar written?
Laurent Balthazar has written: 'From Basel 1 to Basel 3' -- subject(s): Accounting, Asset-liability management, Banks and banking, Banks and banking, International, International Banks and banking, Law and legislation
Are you aware that Motilal Oswal infrastructure reports that infrastructure project funding is long term in nature creating asset-liability mismatch for commercial banks?
Yes
What has the author Ronald L Olson written?
Ronald L. Olson has written: 'A model for commercial banks' -- subject(s): Asset-liability management, Case studies
What is meant by debit balance of cash book?
Cash Account is a real account and also the asset of company and assets have normally debit balance according to basic accounting rules.So debit balance of cash means we have positive amount in cash account and will be shown as asset in balance sheet.But banks also provide overdraft facilities as well in this case we have normally credit balance of cash which means that we have negative balance in cash account and so it is liability of company to clear bank overdraft and make cash balance debit again.
Is bank overdraft a liability?
Yes Bank overdraft is always a liability, because banks charge interest on overdraft amount on current account interest rate. Since overdraft is an adhoc arrangement it has to be liquidated within a time frame. So, it is advisable to ask for overdraft arrangement only in dire needs.
Who offers current accounts?
All banks offer current accounts. There are no restrictions as to who can open a current account. As long as you have money to pay for the initial deposit to open a current account, any bank will open one for you.
Do banks balance sheets have current liabilities?
Do you mean: can a bank balance be a liability? If so, yes. If a bank balance is an overdraft then that balance should be shown in current liabilities.
