Examlex
Instructions: The following sentences form a paragraph. For each set of choices, select the letter of the answer in which conjunctions or conjunctive adverbs are used correctly and punctuation is correct. Which sentences are correct?
Principal
The original sum of money borrowed in a loan, or the original amount invested, excluding any interest or dividends.
Accounts Receivable
Money owed to a business by its clients for goods or services delivered but for which payment has not yet been received.
Credit
An accounting entry that increases the balance of liabilities and equity accounts, and decreases the balance of assets accounts. It is also the provision of resources (such as money) by one party to another with the expectation of repayment.
Accrued Interest
Interest that has accumulated over a period but has not yet been paid or officially recorded.
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