The Subcategory That Typically Dominates the Current Account Is

question 77

Multiple Choice

The subcategory that typically dominates the current account is:

• A) goods (merchandise) trade.
• B) services trade.
• C) income trade.
• D) transfer accounts.

---

Definitions:

Notes Receivable

A financial asset representing amounts owed to the company by others, documented by formal agreements with repayment dates and interest.

Accounts Receivable

Liabilities of customers towards a business for availing themselves of or receiving products or services not yet paid for.

Promissory Note

A promissory note is a financial instrument in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand.

Key Parties

Critical or main individuals or groups involved in an event, decision, or transaction.