What is the total account debt as of the statement date called? Question 6 options: -Finance charges -Balance -APR
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The total account debt, as of the statement date, is known as the balance. APR is the loan cost and back charges is the expense representing the credit.
APR is a yearly rate (APR) is the yearly rate charged for acquiring or earned through a speculation and is communicated as a rate that speaks to the real yearly cost of assets over the term of a loan.
An account balance is the measure of cash in a money-related vault, for example, financial records, at any given moment.
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The correct answer is - Balance sheet.
A Balance sheet is a statement of all the assets, the liabilities, and also the capital of a business or any other such organization at a given particular point in time. It gives details the balance of income and all the expenditures over the preceding period of time.
The balance sheet shows the net worth of the business of the corporate at a given point in time.
The total account debt includes any unpaid balances, new purchases, etc. from the date of the last closing date of the previous statement till the next statement date. All these details are shown in the balance sheet.
A Balance sheet is a statement of all the assets, the liabilities, and also the capital of a business or any other such organization at a given particular point in time. It gives details the balance of income and all the expenditures over the preceding period of time.
The balance sheet shows the net worth of the business of the corporate at a given point in time.
The total account debt includes any unpaid balances, new purchases, etc. from the date of the last closing date of the previous statement till the next statement date. All these details are shown in the balance sheet.
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