How do we determine whether something is an asset or a liability to a bank?
How do we determine whether something is an asset or a liability to a bank?
Homework Answers
We know that the asset and liabilities are the two crucial instruments in the balance sheet of the bank. The asset is the value of something that can be used to produce something. For example, the cash we own can be used to pay tuition fee. On the other hand, liabilities is something we owe or debt. The money we are borrowing from the bank to buy a new home, In this case, home is our asset. But the money we borrowed is liabilities.
In the case of a bank, Asset includes Loans, reserves, securities and liabilities such as deposits.
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How do we determine whether something is an asset or a liability
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