AFM: Concepts and Practice · Part A: Accounting Principles and Processes

Chapter 7: Bank accounting entries, back office, audit and inspection

How a bank writes up its own books each day, keeps them clean, and who checks them.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 7.1Vouchers, the day book and the ledgersp. 87
• 7.2Everyday entries: cash, clearing, draftsp. 88
• 7.3Interest on savings and term depositsp. 89
• 7.4Loans, NPAs and provisionsp. 90
• 7.5Back office, audit and inspectionp. 91
• Exam traps and quick checksp. 92
• Practice: 16 questions in three roundsp. 93
• Answers, with every wrong option explainedp. 95
• Make it stickp. 97
• Chapter 7 on one pagep. 98

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.