Comprehensive revision-fin806

Supportive information to loan application may include -------------------:

• Income

• Phone number

• Martial status

• Bank statement

The Last step in the accounting cycle is the preparation of:

• Source document

• Financial statements

• Ledger

• Journal

Contains all of a detailed sub-set of transactions:

• Subsidiary ledger

• General ledger

• Account receivable

• Account payable

The activities and events that affect the financial position of a business is considered as business ------------:

• Transactions

• Plan

• Forms

• Proposal

A report that lasts unpaid customer invoices by date ranges is called ---------------- analysis :

• Swot

• Mathematical

• Aging

• Quantitative

Bank charges that are not yet recorded in the company's books will :

• Increase cash

• Decrease cash

• Increase account receivable

• Decrease account payable

The second step of the loan process is:

• Underwriting

• Closing/funding

• Complete loan application

• Processing

All of the following are consumer loansEXCEPT:

• Auto loans

• Visa card

• Commercial loan

• Mortgage loans

All of the following are included in the Underwriting processEXCEPT:

• Analyze credit

• Assign conditions

• Make a credit decision

• Loan funded

Bank -------------------- is a report which compares the bank balance according to companies accounting records with the balance stated in the bank statement.‏

• Charge

• Error

• Reconciliation

• Regulation