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You have a debit amount of 50 and credit amount of 80 as balance on an account. This account is assigned to the assets side in a financial statement version, with the debit indicator and the credit.
How is this shown on the balance sheet?
Response:
A. 0 is shown on the assets side and 30 is shown on the liabilities side.
B. 50 is shown on the liabilities side and 80 is shown on the assets side.
C. The balance is shown on the assets side.
D. The balance is shown on the liabilities side.
Answer: C
A. Yes
B. No
Answer: B
Which of the following best characterizes the problems that developed at Bankgesellschaft Berlin?
A. Volume growth at the expense of margin.
B. Banking is a "for-profit" business, not a means of fulfilling political goals.
C. A company culture where profits may justify "excesses."
D. Excessive reliance on volatile trading income.
Answer: B
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