Sentence Correction Questions Make Any Necessary Corrections to the Sentences Below

question 275

Essay

Sentence Correction Questions
Make any necessary corrections to the sentences below.
-The redemption rate for coupons is usually less than ten percent.

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Definitions:

Prepaid Insurance

An asset account that represents payments made in advance for insurance coverage, which is expensed over the period the insurance policy is in effect.

Trial Balance

A bookkeeping worksheet wherein the balances of all ledgers are compiled into debit and credit account columns to check for the arithmetic accuracy of the accounts.

Debit Column

In bookkeeping, the column in an account where debits are recorded, typically on the left-hand side.

Assets

Economic resources owned or controlled by a business or individual, expected to bring future benefits.