From the Daily Business Manager Recurring Tab Screen List,you Can

question 7

Multiple Choice

From the daily business manager Recurring tab screen list,you can post directly (without opening a journal) to -

• A)the sales journal
• B)the receipts journal
• C)the purchases journal
• D)a & b above

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Definitions:

Rate

The percentage at which interest is charged or paid, or a measure of change over time.

Compound-Interest

Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Canada Savings Bond

A financial product offered by the Government of Canada that provides a competitive, fixed interest rate over a specified period.

Redeemed

The act of exchanging a financial security or coupon for cash or the value promised.