Which of these account items or entries would normally occur on a banks balance sheet (Report of

Question:

Which of these account items or entries would normally occur on a bank’s (Report of Condition) and which on a bank’s income and expense statement (Report of Income)?
Federal funds sold...... Deposits due to banks
Addition to undivided profits... . Leases of business equipment to customers
Credit card loans........ Interest received on credit card loans
Utility expense...... Fed funds purchased
Vault cash...... ..... Savings deposits
Allowance for loan losses..... Provision for loan losses
Depreciation on premises and equipment. Service charges on deposits
Commercial and industrial loans...... Undivided profits
Repayments of credit card loans...... Mortgage owed on the bank’s buildings
Common stock...... Other real estate owned
Interest paid on money market deposits
Securities gains or losses

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...