One of the Following Lists Constitutes the Five Cs of Credit.Select

question 118

Multiple Choice

One of the following lists constitutes the five Cs of credit.Select the correct one.

• A)Character,capacity,capital,collateral,characteristics
• B)Character,capacity,capital,collateral,co-insurance
• C)Character,capacity,capital,collateral,careful
• D)Character,capacity,capital,collateral,conditions
• E)Character,capacity,capital,collateral,credence

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Definitions:

Accounts Listed

Refers to the specific accounts recorded in a company's financial statements or ledgers.

Order

A request by a customer for a company to provide goods or services at a specified price and time.

Account Balance

The total amount of money in a financial account, calculated by adding all credits and subtracting all debits.

Credits

Accounting entries that increase liabilities or decrease assets, typically reflecting the sources of value in transactions.