Banker-Customer Relationship & Operations question bank (Principles & Practices of Banking (PPB))

Strict accrual-based recognition ensuring revenue matches incurred expenses for the accounting period (Types of Customers KYC AML Guidelines and PMLA 2002)

Cash-basis omission of unbilled accrued liabilities without footnote disclosure

Arbitrary capitalization of regular operational expenses without future economic benefit

Off-balance sheet concealment of material contingent liabilities

Strict accrual-based recognition ensuring revenue matches incurred expenses for the accounting period (Negotiable Instruments Act 1881 Cheques Endorsement Crossing)

Cash-basis omission of unbilled accrued liabilities without footnote disclosure

Arbitrary capitalization of regular operational expenses without future economic benefit

Off-balance sheet concealment of material contingent liabilities