Time Deposits Consist of

question 22

Multiple Choice

Time deposits consist of

• A)savings accounts.
• B)loans and charge accounts.
• C)chequing accounts.
• D)government securities.
• E)profits earned by a financial institution.

Prepare and explain a 10-column worksheet.

Understand the purpose of a post-closing trial balance.

Prepare and analyze classified and unclassified balance sheets.

Understand and perform journal entries for transactions in governmental and enterprise funds.