Examlex
Which of the following would not be an appropriate heading for a column in the cash receipts journal?
Six Years
A period of time equal to six times the length of one calendar year.
Present Value
The present worth of a future amount of money or series of cash flow at a given return rate.
Payable
This term refers to an amount of money that is due to be paid.
Compounded Annually
Interest on an investment that is calculated once a year, where the interest earned each year is added to the principal.
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