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Match each bank service

Exercise and reference answers

Matching pairs
  1. Left
    Discounting
    Right
    Pays cash on a note before its due date
  2. Left
    Overdraft
    Right
    Lets a good customer pay beyond the balance
  3. Left
    Term loan
    Right
    Lends for a fixed period such as a year
Instructions
Tap a service on the left, then tap what the bank does.

Explanation

_Source: ICAI CA Foundation Accounting Ch3 Bank Reconciliation, CHAPTER 3 BANK RECONCILIATION STATEMENT_
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