In the PMT Function,what Is Not True About the Num_periods

question 53

Multiple Choice

In the PMT function,what is not true about the Num_periods argument?

• A)It reflects a count of how many times payments will be made.
• B)It can contain references to fields.
• C)You must use constants for this argument.
• D)It is required.

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Definitions:

Accounting Equation

A fundamental principle of accounting representing the relationship between assets, liabilities, and owner's equity: Assets = Liabilities + Owner's Equity.

Direct Write-Off Method

An accounting approach where uncollectible accounts receivable are written off directly to expense as they are identified.

Accounting Equation

The foundational equation in accounting, Assets = Liabilities + Equity, representing the relationship between a company's resources and claims against them.

Uncollectible Account

A receivable that a company has deemed unlikely to be collected and therefore considered as a loss.