Financial Institutions

Debit Current account classified in financial statements for the bank : Direct facilities as an assets Indirect facilities as an assets Direct facilities as an liabilities Indirect facilities as an liabilities The following balances are available from Housing bank records for April, 11.2018 Transfers - in JD 10000 Loans and advanced 20000 Purchased checks 40000 Transfers - out 25000 Saving accounts 15000 Interest revenue 20000 The total liabilities on April. 11.2018 is : JD 30000 JD 75000 JD 95000 JD 115000 Ahmed deposits a check of amount JD 8000 in his current account at bank of Jordan/main branch, the check drawn on Arab bank/Aqaba the drawer is west company when preparing Journal Entry in bank of Jordan records the debit side is : Credit current account - Ahmed Central bank of Jordan 0 0 0 Arab bank main branch Arab bank - Aqaba