Banking Schedules Quiz

What does Schedule 1 represent?

• Reserves and Surplus

• Deposits

• Capital

• Investments

Under which schedule are the reserves and surplus listed?

• Schedule 3

• Schedule 1

• Schedule 2

• Schedule 4

What kind of deposits are included in Schedule 3?

• Fixed Deposits

• Demand Deposits

• Savings Deposits

• All of the above

Which schedule outlines the borrowings of the bank?

• Schedule 5

• Schedule 6

• Schedule 7

• Schedule 4

Which schedule relates to the income earned by the bank?

• Schedule 13

• Schedule 14

• Schedule 11

• Schedule 12

Under which schedule is interest earned documented?

• Schedule 12

• Schedule 13

• Schedule 14

• Schedule 15

What is included in Schedule 14?

• Income from investments

• Profit on sale of assets

• Income from fees and services

• All of the above

Which schedule covers the bank's expenditure?

• Schedule 12

• Schedule 14

• Schedule 15

• Schedule 13

What adjustment entry is made when a new share is issued?

• Debit Capital, Credit Share Premium

• Debit Bank, Credit Share Capital

• Debit Bank, Credit Reserves

• Debit Share Capital, Credit Bank

Which of the following is NOT included in Schedule 2?

• General Reserves

• Share Premium

• Capital Reserves

• Fixed Deposits