what is the difference between the balance sheet of a bank and any other normal business or firm?
by ilDuce » Tue Feb 23, 2010 11:03 am
nothing-both comprise the assets of each organisation.In the banks case the assets will be mostly cash held on behalf of customers and cash reserves-i.e. cash profits held back from previous years,and also any plant and machinery and property.
any non banking organisation will also have assets,but they will tend to be some cash but mostly other assets such as stock,property,vehicles etc.