Sawaal
7
Q:

Financial statements are prepared from which trial balance?

A) Unadjusted trial balance B) Adjusted trial balance
C) Post- closing trial balance D) None of the above

Answer:   B) Adjusted trial balance



Explanation:

Financial statements can be prepared from the Adjusted trial balance. A trial balance is a report containing list of all the general ledger accounts i.e, debits and credits contained in the ledger of a business. The types of trial balance include : Unadjusted trial balance, Adjusted trial balance and the Post- closing trial balance.

Subject: Bank Interview
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst
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Answer & Explanation Answer: A) Increase in asset account

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A debit can signify an increase in asset, an expense, and the owner's drawings. A debit can also signify a decrease in a liability, revenues and owner's equity.

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Foreign Exchange Rates refer to the

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Commercial banks are funded through which of the following?

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Answer & Explanation Answer: A) Customer deposits

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Economists refer to purchases of stocks and bonds as investment.

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