A(n) ______ Is an Informal Investor Who Provides an Entrepreneur

question 54

Multiple Choice

A(n) ______ is an informal investor who provides an entrepreneur with funds even though they have no previous association with the entrepreneur.

• A)seed investor
• B)bridge investor
• C)equity investor
• D)angel investor

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Definitions:

Journal

A journal is a detailed account that records all the financial transactions of a business, to be used later for classifying and summarizing into financial statements.

Ledger Accounts

A record in accounting that is used to aggregate monetary transactions by account, monitoring debits and credits over a period.

Journal Entries

The recorded transactions in the financial books of a company, serving as the initial step in the accounting cycle.

T-Accounts

A graphical representation of a general ledger account, showing debits on the left side and credits on the right side to track transactions.