Northern Bank: Balance Sheet
Assets Liabilities
Reserves $800 Deposits $10 000
Loans $11 200 Capital $2000
$12 000 $12 000
TABLE 26-6
-Refer to Table 26-6.Owners of Northern Bank contributed money to start the bank.Under which category of it's balance sheet do these funds fall?

Question

Quizplus · Accepted Answer

The funds contributed by the owners of Northern Bank fall under the category of Capital, as it represents the money invested by the owners to start the bank.