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is the amount of money deposited into an account. a. Credit transaction b. Account holder c. Opening and closing balance d. transaction Debit cards can be used to pay for purchases. When the card is swiped, instructions are ne account holder's bank account to deduct the money from their account. a. Checking / Current Account b. Savings Account c. Debit Account d. Credit Account refers to the person whose name the account is in. a. Account holder b. Debit transaction c. Transaction d. Opening and closing balance his is an account either with a store or bank, that allows the account holder to purchase

is the amount of money deposited into an account. a. Credit transaction b. Account holder c. Opening and closing balance d. transaction Debit cards can be used to pay for purchases. When the card is swiped, instructions are ne account holder's bank account to deduct the money from their account. a. Checking / Current Account b. Savings Account c. Debit Account d. Credit Account refers to the person whose name the account is in. a. Account holder b. Debit transaction c. Transaction d. Opening and closing balance his is an account either with a store or bank, that allows the account holder to purchase

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 4EB: For each of the following transactions, state which special journal (Sales Journal, Cash Receipts...
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It is the amount of money deposited into an account. a. Credit transaction b. Account holder c. Opening and closing balance d. transaction Debit cards can be used to pay for purchases. When the card is swiped, instructions are sent to the account holder's bank account to deduct the money from their account. a. Checking / Current Account b. Savings Account c. Debit Account d. Credit Account It refers to the person whose name the account is in. a. Account holder b. Debit transaction c. Transaction d. Opening and closing balance This is an account either with a store or bank, that allows the account holder to purchase items now and pay for them later. a. Time Deposit b. Savings Account c. Current / Checking Account d. Credit Account This is a bank account that earns interest. It is used for short term savings. An interest on the amount in the account is earned but not as much as the earnings in a fixed deposit account. a. Time Deposit b. Savings Account c. Current / Checking Account d. Credit Account
Transcribed Image Text:It is the amount of money deposited into an account. a. Credit transaction b. Account holder c. Opening and closing balance d. transaction Debit cards can be used to pay for purchases. When the card is swiped, instructions are sent to the account holder's bank account to deduct the money from their account. a. Checking / Current Account b. Savings Account c. Debit Account d. Credit Account It refers to the person whose name the account is in. a. Account holder b. Debit transaction c. Transaction d. Opening and closing balance This is an account either with a store or bank, that allows the account holder to purchase items now and pay for them later. a. Time Deposit b. Savings Account c. Current / Checking Account d. Credit Account This is a bank account that earns interest. It is used for short term savings. An interest on the amount in the account is earned but not as much as the earnings in a fixed deposit account. a. Time Deposit b. Savings Account c. Current / Checking Account d. Credit Account
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