The Balance in the Bonds Payable Account Is a Credit

question 95

True/False

The balance in the Bonds payable account is a credit of $50,000.The balance in the Discount on bonds payable is a debit of $1,500.The balance sheet will report the bond balance as $48,500.

---

Definitions:

Urgency Close

A sales technique that aims to expedite a decision from the buyer by emphasizing the limited availability of the offer, creating a sense of urgency.

Purchase Commitment

An agreement or intent by a consumer to buy a product or service, sometimes formalized through a contract or deposit.

Personal Selling Process

A direct marketing approach where sales representatives interact personally with potential customers to understand their needs and persuade them to make a purchase.

Closing

The final stage in a transaction or sale process, where agreements are finalized and ownership is transferred.