Examlex
Use the tabel below to answer the following question. For an individual with high blood pressure, drinking several margaritas made using the margarita mix and tequila in a single evening is:
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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