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clearlycanadian

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tT
发表于 2011-7-13 16:23 | 只看该作者

Client's Money on a Bank Balance sheet

money, balance, liability
Hello Everyone...

Does anyone know how the client's money is treated on the balance sheet of a bank? is it an asset? Contra-asset? liability?
Please post the "why" too.

Tanks in advance.

 

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joemoran

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发表于 2011-7-13 16:23 | 只看该作者
Bank owes money to depositors. Deposits are liabilites for a bank. Loans advanced are assets.

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