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Mashcka [7]
3 years ago
14

My sister has been given a loan for $10,000, and she deposited the full loan amount into her checking account. How would this be

reflected on her bank’s balance sheet?
a.Loans would be unaffected, but deposits would increase by $10,000.
b.Loans would increase by $10,000, but deposits would decrease by less than $10,000.
c.Loans and deposits would be unaffected.
d.Loans and deposits would increase by the same amount as the deposit.
e.Loans would decrease and deposits would increase by the same amount as the deposit.
Business
1 answer:
ASHA 777 [7]3 years ago
3 0

Answer:

The correct answer is D

Explanation:

Checking account is an account at the bank against that checks can be drawn by the depositor. In this account, an individual deposits the money or can spend the money.

In this case, she gave a loan of amount $10,000 and also deposited the full amount of the loan into the checking account. So, this will affect the loans as well as the deposits as both will increase with the same amount as the deposit.

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Answer:

The answer is C. operating activities section

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Which of the following file extensions indicates a template inside Microsoft word .dotx , .xlsx , .docx , .pptx ?
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4 0
3 years ago
Tracy wants to start her own business, but knows little about how to set up an accounting system or interpret financial informat
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Answer:

The best response to Tracy's comments is:

B.  Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions.

Explanation:

Here in the given question it is mentioned that Tracy is wanting to start her own business but she has a very little knowledge about how to setup an accounting system and how the financial interpretation is been done.

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7 0
3 years ago
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If Merv calls Carla telling her the deal is off and Carla threatens to sue for breach of contract, the result is:

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<h3>What is a Contract? </h3>

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With this in mind, we can see that because Merv is hired by Carla to fill a swampland and he is later informed that the land is in protected wetlands, this makes the contract void and Carla loses because it is not of the doing of Merv.

Read more about contractual agreements here:

brainly.com/question/5746834

6 0
2 years ago
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