The Fed’s floor system, in short, has turned part of its balance sheet into a credit card for Uncle Sam. He can tap the excess-reserves option at any time to fund spending activities.

Accounting for a letter of credit on your balance sheet depends on when you use it. One issued by your financial institution acts as a credit substitute. That institution, often a bank, steps into ...

Unique characteristics are included in the balance sheet and income statement of a bank's financial statements that help investors decipher how banks make money. ... as in the case of credit cards.

The balance sheet, the income statement and the statement of cash flow are all studied carefully by the bank's loan office to assess the company's ability to repay the loan.

Managing your credit cards responsibly is important, as is understanding the difference between your statement balance vs. current balance.

A few theories exist on the origin of the abbreviations for debit (DR) and credit (CR) in accounting. Both have Latin roots and can appear on a company's balance sheet.