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Questions and Answers
What is the characteristic of a positive bank balance of a business?
What is the characteristic of a positive bank balance of a business?
- It has a debit opening and closing balance
- It has a zero opening and closing balance
- It has no opening or closing balance
- It has a credit opening and closing balance (correct)
What is the typical balance of a positive bank balance?
What is the typical balance of a positive bank balance?
- Zero balance
- Credit balance (correct)
- Overdraft balance
- Debit balance
What does a positive bank balance indicate about a business?
What does a positive bank balance indicate about a business?
- It has an overdraft facility
- It owes more money to the bank than it has
- It has more money in the bank than it owes (correct)
- It has no money in the bank
What is the impact of a positive bank balance on a business's financial statement?
What is the impact of a positive bank balance on a business's financial statement?
What is the relationship between a positive bank balance and a business's cash flow?
What is the relationship between a positive bank balance and a business's cash flow?
What is the nature of a positive bank balance's opening and closing balance?
What is the nature of a positive bank balance's opening and closing balance?
A positive bank balance will have a what type of opening balance?
A positive bank balance will have a what type of opening balance?
Which of the following is a characteristic of a positive bank balance?
Which of the following is a characteristic of a positive bank balance?
What is the effect of a positive bank balance on a business's financial records?
What is the effect of a positive bank balance on a business's financial records?
What is the implication of a positive bank balance for a business?
What is the implication of a positive bank balance for a business?
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