Question

Acceptance, Endorsement and other obligation show under_
Answer
A. O Scheduled 11
B. O Scheduled 12
C. Scheduled 14
D. O Scheduled 16​

Answer 1

Answer:

a option is correct answer

Answer 2

Answer:

Acceptances, endorsements and other obligations basically represents the bills accepted or endorsed by the bank on behalf of its customers. A bank has to disclose all it's acceptances, endorsements and other obligations under the head Contingent Liability on the face of the balance sheet.