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The table shows the balance of an account each year.YearsBalance0$401$422$443$46What is the interest rate of the account What is the balance after 10 years?
hi
What else can I help you with?
What is meant by Current Account balance in short?
It is the balance that the bank shows that you have in your account at that time
What type of account is Merchandise Inventory?
Merchandise Inventory is an asset account that shows up on the balance sheet.
When the debtors account shows the credit balance?
When business receives money in advance....
When does an account shows credit balance?
When you have paid more than you have charged to your credit card account. Alternately you may have paid considerably in advance before receiving the bill.
Can you close a credit card account if there's a balance on that account?
You can, but you'll still have to pay the balance monthly until it's paid off. Incidentally, if you're closing an account to help your credit, research shows that closing accounts in good standing can often ding your credit.
What is meant by Current Account balance in short?
It is the balance that the bank shows that you have in your account at that time
What does put in the black mean?
To be put in the black means that you have money or your account shows a positive balance. Being in the red means that your account has a negative balance.
What type of account is Merchandise Inventory?
Merchandise Inventory is an asset account that shows up on the balance sheet.
When the debtors account shows the credit balance?
When business receives money in advance....
Is stocks of other corporations included in the balance sheet investment account?
Yes investment account in balance sheet shows the investment in stocks of other companies only.
Interest in suspense?
Interest in suspense appears on a balance sheet. It shows that a company has money due to receiving a loan. But the person who borrowed the loan has not paid any money towards it.
Your bank statement shows a closing balance of 116.83. There are no outstanding checks or deposits. Your checkbook shows a balance of 118.58. What might account for the different balances?
it might be because of bank charges towards folio, some incidental expenses
When does an account shows credit balance?
When you have paid more than you have charged to your credit card account. Alternately you may have paid considerably in advance before receiving the bill.
Can you close a credit card account if there's a balance on that account?
You can, but you'll still have to pay the balance monthly until it's paid off. Incidentally, if you're closing an account to help your credit, research shows that closing accounts in good standing can often ding your credit.
Can you provide a visual representation of the principal vs interest graph for a loan?
I'm unable to provide visual representations. However, the principal vs. interest graph for a loan typically shows the decreasing principal balance over time as payments are made, with interest decreasing as the principal balance decreases.
How do you check sbi account balance without net banking?
You can check the balance on your SBI ATM card by calling the 800 number on the back of the card. Many ATMs will have a check balance option. Some ATMs will charge a small fee for checking the balance.
Why do you have to add this year's depreciation to the accumulated depreciation from the trial balance when you're doing a balance sheet?
Accumulated depreciation is the contra account in balance sheet to reduce the price of assets from balance sheet and depreciation is the expense account which shows the current year's expense in income statement, so depreciation account is closed in accumulated depreciation account to show the overall reduction in the price of assets for more than one fiscal year.
