Examlex
Posting a part of a transaction to the wrong account will cause the trial balance totals to be unequal.
Simple Interest
The calculation of interest on the principal amount only, without compounding over time.
Higher Risk Investment
An investment with a greater chance of resulting in a loss or underperforming but potentially offering higher returns.
Balance
The total amount of money in a financial account, calculated by offsetting debits against credits.
Withdraw
The act of removing funds from a bank account, or discontinuing participation in an activity or agreement.
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