6 ms·
Is this the US way of defining assets & liabilities? In india, all deposits are considered liabilities (since you need to pay the customer interest on it). Al
by sandGorgon 6y ago
Is this the US way of defining assets & liabilities?
In india, all deposits are considered liabilities (since you need to pay the customer interest on it).
All loans are considered assets (since you make money on them)
- bobthepanda 6y agoTFA says the same. Rather what's considered assets are the book value of the loan and the cash the bank actually has on hand.
- sandGorgon 6y agoCash at hand is generally also not considered an asset. Because you're paying interest on it. It's usually raised using deposits. Unless I'm missing something