When Setting Up Pre-Authorized Debits -

question 35

Multiple Choice

When setting up pre-authorized debits -

• A) select the customer
• B) check the pre-authorize debit tab
• C) click this customer has a signed active pre-authorized debit agreement with my company
• D) all of these are needed

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Definitions:

Assets

Economic resources owned by a business that are expected to benefit future operations.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities; represents the owner's claim on the business assets.

Liabilities

Financial obligations a company owes to outside parties.

Assets

Resources owned or controlled by a business, which are expected to produce future economic benefits.