Question

Which of the following are reported as liabilities on a​ bank's balance​ sheet?

A.State government securities and Cash items in the process of collection
B.Discount loans
C.State government​ securities, and Cash items in the process of​ collection, and Discount loans
D.State government securities
E.Cash items in the process of collection

Answer 1

State government securities, Cash items in the process of collection, and Discount loans are reported as liabilities on a bank's balance sheet.

Step-by-step explanation:

On a bank's balance sheet, the liabilities include State government securities, Cash items in the process of collection, and Discount loans. State government securities are bonds issued by state governments and held by the bank as an investment. Cash items in the process of collection represent checks and other cash items that the bank has received but are still being processed for deposit. Discount loans are loans provided by the bank to customers at a reduced interest rate.