Tests: Banking
Click an option: a correct answer turns green, a wrong one turns red, and an explanation appears. Tests in total: 43.
Sets by topic (10 questions each)
One set is ten questions with a result at the end. Pick a topic and a set number.
"Chinoz eksport" LLC deposited the foreign currency funds held in its cash office into a domestic foreign currency account. Which journal entry is made under row 3 of the table to paragraph 229 of NAS No. 21?
"Arnasoy kimyo" LLC deposited 10 mln soum from its settlement account into a chequebook. The bank paid 6.2 mln soum on the cheques; another cheque for 1.5 mln soum was issued to a supplier but has not yet been presented to the bank for payment (hypothetical amounts). Under paragraph 232 of NAS No. 21, what is the balance of account 5520 "Checkbooks"?
The accounting ledger of "Sho'rchi texno" LLC shows a balance of 18 600 000 soum in account 5110. When reconciled with the bank statement, two entries not yet recorded in the ledger were found: a customer payment of 1 200 000 soum was received and a bank service fee of 90 000 soum was charged (hypothetical amounts). After both entries are recorded in the ledger, what is the balance of 5110 under paragraph 225 of NAS No. 21?
A bank took the borrower's property as collateral under a loan agreement. What is the main meaning of collateral for the bank?
The bank lent "Tomdi tikuv" LLC 60 000 000 soum for 45 days. Under the contract the annual rate is 18% and a year is taken as 360 days for interest calculation (hypothetical terms). What is the amount of interest accrued on the loan?
"Jizzax tekstil" LLC took a 5-year bank loan for a new workshop, and the loan money arrived in the company's settlement account. Which journal entry is made under NAS No. 21?
An entrepreneur took a bank loan of 10 000 000 soum: 1 year, 20% simple annual interest, interest and principal paid at the end of the year. When issuing the loan the bank immediately withheld a one-off fee of 2% of the amount (hypothetical terms). What is the approximate effective annual cost of the loan relative to the money actually received?
A bank buys US dollars from customers at 12 650 soum and sells them to customers at 12 750 soum (hypothetical rates). A company sold 2 000 dollars of export proceeds to this bank. How many soum does the company receive (without fees)?
In a bank statement for its own account, "Oqqo'rg'on non" LLC saw an entry of 15 000 000 soum in the "Credit" column. What does this mean for the company?
A hypothetical commercial bank's assets: government securities 300 bln soum (risk weight 0%), loans to companies 500 bln soum (100%), funds in other banks 200 bln soum (50%). The bank's capital is 90 bln soum. What is the ratio of capital to risk-weighted assets (hypothetical weights)?
"Guliston mebel" LLC opened a letter of credit at its bank for settlements with a supplier. Under the contract, an advance to the supplier for timber (inventories) was paid from this letter of credit. What journal entry is made?
A bank granted "Yunusobod print" LLC an overdraft: for 9 days the debt was 20 mln soums, and for the next 6 days it was 12 mln soums. Interest is charged on the daily debt balance at an annual rate of 21.9%, with a 365-day year (hypothetical terms). What is the total interest for the 15 days?
A hypothetical commercial bank has loans to customers of 840 bln soums and customer deposits of 1 050 bln soums. What is the loan-to-deposit ratio (loans / deposits × 100%)?
"Asaka avtoqism" LLC assigned a buyer's receivable of 50 000 000 soum to a bank under a factoring agreement. The bank immediately pays 80% of the receivable and withholds a fee of 2% of the receivable (hypothetical terms). How much money does the company receive immediately?
Money received from parents for the upkeep of a kindergarten on a factory's balance sheet is collected in a separate special account opened at the bank. Under NAS No. 21, in which account is the movement of these funds recorded?
An entrepreneur took a bank loan of 10 000 000 soum: 2 years, 10% per annum, equal (annuity) payments at the end of each year. Payment = loan × rate / (1 − (1 + rate)^(−2)). Approximately what is the annual payment?
A company discounted a bill of exchange with a face value of 20 000 000 soum and 3 months to maturity at a bank. The bank applied an annual discount rate of 24%, with the discount calculated on the face value (discount = face value × rate × months / 12). How much money does the company receive from the bank?
In the simplified textbook deposit multiplier model, banks hold no money beyond required reserves, and all loans granted return to banks as deposits. If the notional reserve ratio is 20%, by at most how much can total deposits increase as a result of a new deposit of 10 000 000 soum entering the system (multiplier = 1 / reserve ratio)?
A commercial bank's annual interest income is 180 bln soum, interest expenses 110 bln soum, and the average value of its earning assets 1 400 bln soum. What is the net interest margin ((interest income − interest expenses) / earning assets)?
A company bought interest-bearing government bonds intending to sell them in six months and paid for them from its settlement account at the bank. What journal entry is made under NAS No. 21?