On the Bank's Accounting Records, Customers' Accounts Are Normally Shown

question 53

Multiple Choice

On the bank's accounting records, customers' accounts are normally shown as a(n) :

• A) revenue.
• B) liability.
• C) asset.
• D) expenses.

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Definitions:

Northern Hemisphere

The half of Earth that is north of the equator, covering continents including North America, Europe, and most of Asia and Africa.

Southern Hemisphere

The half of Earth that lies south of the equator.

Rainshadow

A dry area on the leeward side of a mountainous area, where precipitation is significantly reduced due to the blocking of moist air and precipitation by the mountains.

Subtropics

Regions of the Earth immediately adjacent to the tropics, characterized by hot, often humid summers and mild to warm winters.