State Bank of Pakistan OG-1 Officer (Batch 4th) 2015 - Page 30

wasim soomrro · #**291** Wednesday, October 07, 2015

Its academic view that can be changed.But here options were separate as assets and the liability,the two others could be rejected in one look.But as the remaining two options were liability and assets,one must have opted for the assets because these are the debt assets where banks entire purpose in dealings those assets solely dependent.Such debt assets come in banks in deposit form from customers.In this case,opting liability is not appropriate.Moreover, after banks regarding deposits their assets then the account is debted and the creditors accounts are credited.At this initial stage liability has nothing to do with the banks' prime idea of making profit.No I dont work in bank.M

Ghulam asghar phulpoto · #**292** Wednesday, October 07, 2015

Quote:

Originally Posted by wasim soomrro

Its academic view that can be changed.But here options were separate as assets and the liability,the two others could be rejected in one look.But as the remaining two options were liability and assets,one must have opted for the assets because these are the debt assets where banks entire purpose in dealings those assets solely dependent.Such debt assets come in banks in deposit form from customers.In this case,opting liability is not appropriate.Moreover, after banks regarding deposits their assets then the account is debted and the creditors accounts are credited.At this initial stage liability has nothing to do with the banks' prime idea of making profit.No I dont work in bank.M

you are right bro certainly.

MuhammadYounas · #**293** Wednesday, October 07, 2015

Quote:

Originally Posted by wasim soomrro

Its academic view that can be changed.But here options were separate as assets and the liability,the two others could be rejected in one look.But as the remaining two options were liability and assets,one must have opted for the assets because these are the debt assets where banks entire purpose in dealings those assets solely dependent.Such debt assets come in banks in deposit form from customers.In this case,opting liability is not appropriate.Moreover, after banks regarding deposits their assets then the account is debted and the creditors accounts are credited.At this initial stage liability has nothing to do with the banks' prime idea of making profit.No I dont work in bank.M

When ever deposits increase the bank credit the customer account with respective amount, which is probably the rule of liabilities. when a liability increases business credit that account! having pure and accounting logic in mind opting liability was correct answer! Despite the fact you are quoting that deposit is an asset for the bank! because we as a bank doesn't debit the account when deposit increases, which is the rule of asset accounts! correct me if i'm out of the way!!

smzmaria · #**294** Wednesday, October 07, 2015

Quote:

Originally Posted by sharp mind

No, this time, there is no any section system like NTS.. A candidate just have to secure 50 percent from 100..
Confirmed by IBP Official.
Expecting 80+ Inshallah.

It means this was a screening test and there will be another test before interview OR they will not consider marks of this test and appointment will be purely interview based . Am i right?

liberation · #**295** Wednesday, October 07, 2015

Quote:

Originally Posted by MuhammadYounas

When ever deposits increase the bank credit the customer account with respective amount, which is probably the rule of liabilities. when a liability increases business credit that account! having pure and accounting logic in mind opting liability was correct answer! Despite the fact you are quoting that deposit is an asset for the bank! because we as a bank doesn't debit the account when deposit increases, which is the rule of asset accounts! correct me if i'm out of the way!!

Correct , i confirmed from my CA friends as well , he classify it a liability.

waleedrana · #**296** Wednesday, October 07, 2015

It is a liability without any doubt

Naveed Zaman · #**297** Wednesday, October 07, 2015

Quote:

Originally Posted by MuhammadYounas

When ever deposits increase the bank credit the customer account with respective amount, which is probably the rule of liabilities. when a liability increases business credit that account! having pure and accounting logic in mind opting liability was correct answer! Despite the fact you are quoting that deposit is an asset for the bank! because we as a bank doesn't debit the account when deposit increases, which is the rule of asset accounts! correct me if i'm out of the way!!

It is very simple dear, don't complex it in debit and credit, when a person deposits cash, the deposit become liability and cash become asset of bank, that asset/cash is utilized for financing,
the depsitor has right to withdraw money at any time, bank is liable to pay on demand, and in financing its vice versa.

Sent from my GT-I9500 using Tapatalk

Wrong Number · #**298** Wednesday, October 07, 2015

I don't know why do people create confusion??
Bank becomes the liable to pay the advanced money by customers so its liabaility.
Please don't misinterpret the concept.

Wrong Number · #**299** Wednesday, October 07, 2015

Quote:

Originally Posted by Naveed Zaman

It is very simple dear, don't complex it in debit and credit, when a person deposits cash, the deposit become liability and cash become asset of bank, that asset/cash is utilized for financing,
the depsitor has right to withdraw money at any time, bank is liable to pay on demand, and in financing its vice versa.

Sent from my GT-I9500 using Tapatalk

Bro, what will you do when you are advanced money by bank??
will you become a creditor or debtor for bank??

MuhammadYounas · #**300** Wednesday, October 07, 2015

Quote:

Originally Posted by Naveed Zaman

It is very simple dear, don't complex it in debit and credit, when a person deposits cash, the deposit become liability and cash become asset of bank, that asset/cash is utilized for financing,
the depsitor has right to withdraw money at any time, bank is liable to pay on demand, and in financing its vice versa.

I just tried to explain by the rules brother. That guy was explaining ethically and people here was totally buying it.!

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The Following User Says Thank You to wasim soomrro For This Useful Post:
adnanali999 (Wednesday, October 07, 2015)

The Following 2 Users Say Thank You to MuhammadYounas For This Useful Post:
adnanali999 (Wednesday, October 07, 2015), liberation (Wednesday, October 07, 2015)