Withdrawals Is A(n)________ Account That Has a Normal ________ Balance

question 111

Multiple Choice

Withdrawals is a(n) ________ account that has a normal ________ balance.

• A)liability; credit
• B)equity; debit
• C)liability; debit
• D)equity; credit

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Definitions:

Maturity

The date on which the principal amount of a loan, bond, or other financial instrument becomes due and payable.

Selling

The process of persuading a customer to buy a product or service.

Current Yield

The annual income (interest or dividends) received from an investment divided by the current price of the security.

Coupon

The interest rate on a bond paid by the issuer to the bondholder, typically on a periodic basis.