IIA
IIA-CFSA · Question #332
Cash and due from other bank accounts that are listed as a caption on the balance sheet include all currency and coin, cash being collected, and account balances with other banks:
The correct answer is A. Except material-interest-bearing accounts which should be disclosed separately. See the full explanation below for the reasoning.
Question
Cash and due from other bank accounts that are listed as a caption on the balance sheet include all currency and coin, cash being collected, and account balances with other banks:
Options
- AExcept material-interest-bearing accounts which should be disclosed separately
- BIncluding material interest bearing accounts, which should be disclosed separately.
- CPreferably material interest bearing accounts.
- DNone of these
How the community answered
(24 responses)- A75% (18)
- B4% (1)
- C4% (1)
- D17% (4)
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