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Questions and Answers
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
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Definition of Central Bank The ______
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Customer check deposited into bank journal entry Account Bank Debit Credit XXX
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Check payment made to a supplier Account Accounts payable Bank Debit Credit ______
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Cash withdrawal from bank Account Debit Cash Credit XXX
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Bank charge Account Bank charges Bank Debit Cr.
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Debtor deposit $10,000 cheque into the bank Account Debit Bank $10,00 Credit A/R(Ali) $10,00
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