Which of the Following Accounts Would Be Credited in a Proper

question 120

Multiple Choice

Which of the following accounts would be credited in a proper journal entry?

• A)Cash when it is increased
• B)Accounts Receivable when it is increased
• C)Capital when it is decreased
• D)Accounts Payable when it is increased

Understand the representation of data through standard deviation and mean.

Analyze and solve problems involving inequalities and their applications.

Understand the concept of political risk and how it affects firms' investments in foreign countries.

Distinguish between different financial instruments and markets, such as foreign bonds, Eurobonds, and Eurodollar transactions.

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Definitions:

Installment Loans

Loans that are repaid over time with a set number of scheduled payments, commonly used for items like cars and large appliances.

Financial Intermediary

An institution that acts as a middleman between savers and borrowers, facilitating the flow of funds in the economy, such as banks or credit unions.

Insurance Companies

Entities that provide financial protection and reimbursement of damages to individuals and businesses in exchange for premiums.

United States Treasury

The department of the federal government responsible for managing national finances, including producing currency, collecting taxes, and issuing government debt.