Which of the following is recorded under the asset side of a bank's balance sheet?
A)Transaction deposits
B)Equity capital
C)Borrowings
D)Reserves

Question

Quizplus · Accepted Answer

Reserves are funds that banks are required to hold against potential losses and are recorded on the asset side of the balance sheet. Transaction deposits are recorded on the liability side, while equity capital and borrowings are also recorded on the liability side as sources of funds for the bank.

Which of the Following Is Recorded Under the Asset Side