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Accounting Concepts for Banking Quiz

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Accounting Concepts for Banking: a General level Bank Exam Prep quiz. Test your knowledge with 12 questions!

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Questions

Question 1

The accounting equation is Assets = Liabilities + ?

A Expenses

B Revenue

C Equity

D Cash

Question 2

Which of these is an asset for a bank?

A Employee salaries

B Customer deposits

C Loans given

D Rent paid

Question 3

Which of these is a liability for a bank?

A Loans provided

B Customer deposits

C Bank buildings

D Cash in vault

Question 4

If you credit an asset, what happens to its balance?

A It increases

B It doubles

C It decreases

D It stays same

Question 5

What does 'debit' mean in accounting?

A Left side

B Profit

C Loss

D Right side

📋 This quiz has 12 questions in total.