10 Questions
Types of Financial Institutions include; 1. ______ Central bank of Oman Commercial Banks Investment banks Islamic banks
Banks
Types of Financial Institutions include; 2. ______ companies
Insurance
Types of Financial Institutions include; 3. ______ companies
Leasing
Definition of ______ Is the financial institution that provides financial services including; Issuing money in various forms Receiving deposit of money Lending money Processing transactions Creating credit
Banks
Definition of Central Bank The ______
central bank
Customer check deposited into bank journal entry Account Bank Debit Credit XXX
Accounts receivable
Check payment made to a supplier Account Accounts payable Bank Debit Credit ______
XXX
Cash withdrawal from bank Account Debit Cash Credit XXX
Bank
Bank charge Account Bank charges Bank Debit Cr.
XXX
Debtor deposit $10,000 cheque into the bank Account Debit Bank $10,00 Credit A/R(Ali) $10,00
XXX
Test your knowledge of financial institutions with this quiz covering topics such as commercial banks, investment banks, Islamic banks, investment companies, leasing companies, and insurance companies. See how well you understand the definition and types of financial institutions in this OCMT Accounting for Financial Institutions 203205 quiz.
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