Credit and capital. by James Elliot Coyne

Cover of: Credit and capital. | James Elliot Coyne

Published in [Ottawa .

Written in English

Read online


  • Credit -- Canada,
  • Capital -- Canada

Edition Notes

Book details

ContributionsBank of Canada.
LC ClassificationsHG3729 C22 C6
The Physical Object
Pagination21 leaves.
Number of Pages21
ID Numbers
Open LibraryOL14614931M

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Bank capital is the difference between a bank's assets and liabilities, and it represents the net worth of the bank or its value to investors. The asset portion of a bank's capital includes cash. Debits and credits occur simultaneously in every financial transaction in double-entry bookkeeping.

In the accounting equation, Assets = Liabilities + Equity, so, if an asset account increases (a debit (left)), then either another asset account must decrease (a credit (right)), or a liability or equity account must increase (a credit (right)).In the extended equation, revenues.

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