When Setting Up an Email Acsaunt, You Need to Know

question 81

Multiple Choice

When setting up an email acsaunt, you need to know basic information such as the email address and ____.

• A) physical address
• B) nationality
• C) password
• D) credit card number

---

Definitions:

Bad Debt Expense

An estimate of receivables that a company does not expect to collect, recognized as an expense in the income statement.

Open Account

A type of credit arrangement where goods and services are delivered with the understanding that payment will be made at a later date.

Interest-Bearing Note

A debt instrument in which the borrower promises to pay the lender a fixed amount of interest in addition to repaying the principal.

60-Day Note

Definition: A financial instrument, or promissory note, that requires the borrower to pay back the principal balance along with any interest in 60 days.